Reference is made to the Company's earlier announcement dated 27 July 2026 and unless otherwise stated, all abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the aforesaid announcement.
The Board of Directors of MCE Holdings Berhad ("MCE" or "the Company") ("the Board') wishes to announce the following additional information in relation to the Company's announcement dated 27 July 2026 pertaining to Members Voluntary Winding Up for Vantage Realm Sdn. Bhd. ("VRSB"), an indirect wholly owned subsidiary.
BACKGROUND
VRSB was acquired by the Group on 22 May 2013 to facilitate the acquisition of a piece of freehold land in connection with the Group's proposed diversification into the healthcare services business [Kindly refer to announcements dated 12 February 2014 (Reference No. MB-140212-55996) and 16 June 2014 (Reference No. MB-140612-70336)].
Subsequently, the shareholders of MCE approved of the disposal of the land at an Extraordinary General Meeting held on 28 June 2024. The disposal was subsequently completed upon the successful registration of the memorandum of transfer in favour of the purchaser on 15 November 2024 [Kindly refer to announcements dated 13 Jun 2024 (Reference No. DCS-12062024-00012) and 15 Nov 2024 (Reference No. GA1-15112024-00040)].
Following the disposal of its principal asset, VRSB has remained inactive and has no planned future business operations.
EFFECTS OF THE WINDING UP
VRSB has not been carrying on any material business operations and does not have any planned future operations. Accordingly, the winding-up will not have any material effect on the Group's revenue, earnings or business operations.
The winding-up of VRSB is not expected to have any material financial impact on the Group for the current financial year ending 31 July 2026 or the subsequent financial year ending 31 July 2027.
The winding-up will also not have any material impact on the Group's financial position as VRSB's remaining assets will be distributed back to the holding company upon completion of the winding-up. The winding-up is undertaken as part of the Group's corporate restructuring exercise to streamline its corporate structure.
This announcement is dated 29 July 2026.