26th Jun 2015 07:59
LONDON (Alliance News) - Resource Holding Management Ltd on Friday said a subsidiary of PUC Founder Bhd has started a voluntary winding-up process in China.
Resource Holding, which holds a 46% stake in PUC Founder, said the latter's RedHot Media International (Shanghai) Co Ltd business has started the process.
Following completion of the winding up, the subsidiary will stop operations and be closed down.
Shares in Resource Holding were untraded Friday, having last traded at 6.55 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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