Grand Venture Technology (GVT) has received the approval for the striking off of its wholly-owned dormant subsidiary Grand Venture Technology (Penang II) (GVT PG).
GVT PG has not commenced any business or operations since its incorporation, and GVT says that the strike off is not expected to have any material impact on the earnings per share and ent tangible assets of the group for FY2024 ended Dec 31, 2024 and the current financial year.
GVT sought approval from the companies commission of Malaysia to strike off GVT PG from the register of companies of Malaysia on Nov 22, 2024. It received approval on March 10.
Shares in Grand Venture Technology closed flat at 81.5 cents on March 19.
