PSC on behalf of PWM to announce its board's resolution to approve the dissolution of PWM.
SEQ_NO
4
Date of announcement
2022/03/08
Time of announcement
15:56:26
Subject
PSC on behalf of PWM to announce its board's resolution to approve the dissolution of PWM.
Date of events
2022/03/08
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/03/08 2.Company name:President Wealth Management (Hong Kong) Ltd. 3.Relationship to the Company (please enter ”head office” or ”subsidiaries”):Subsidiaries 4.Reciprocal shareholding ratios:NA 5.Cause of occurrence: In order to simplify the investment structure and improve the capital utilization efficiency of PSC, it is proposed to dissolve President Wealth Management (Hong Kong) Ltd. 6.Countermeasures:The dissolution of President Wealth Management (Hong Kong) Ltd., which was established in 2002 with current capital amount HKD 23,400,000, 100% held by PSC. 7.Any other matters that need to be specified:None
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