Key Highlights from the Announcement
- Appointment of Liquidator: Parkway Trust Management Limited, the manager of Parkway Life Real Estate Investment Trust (“Parkway Life REIT”), has appointed a liquidator for the member’s voluntary liquidation of Parkway Life Malaysia Sdn. Bhd. (“PLMSB”).
- Nature of PLMSB: PLMSB is an indirect, wholly-owned subsidiary of Parkway Life REIT, incorporated in Malaysia.
- Reason for Liquidation: The company is being wound up because it is no longer active in carrying on business activities.
Implications for Shareholders and Investors
- Financial Impact: The management has stated that the liquidation…