Manhattan to liquidate mining equipment rental unit
Wednesday, October 12 2016 - 02:25 AM WIB
SGX-listed Manhattan Resources Limited announced Tuesday plan to liquidate a dormant Indonesian mining equipment rental company PT Tat Hong Energy Indonesia (PTHEI).
?PTTHEI, an equipment rental company, has been inactive since October 2009 and has no intention of recommencing its business activities,? Manhattan said in a statement.
Manhattan owns 50 percent of PTHEI, with the balance held by SGX-listed Tat Hong Holdings Ltd.
Manhattan said Low Tuck Kwong, Ng Sun Ho and Jenny Quantero have been appointed as the liquidators for the voluntary liquidation of PTTHEI. ?All the liquidators are also directors of PTTHEI. The Liquidation is subject to approval by the relevant authorities in Indonesia.?
Editing by Reiner Simanjuntak