Metro Holdings dissolves subsidiary and affiliated company

This won’t have a significant impact on the consolidated financials, said Metro Holdings.

SGX-listed property investment and development group Metro Holdings has announced in a local bourse filing the dissolution of Metro Prop Investments and South Bright.

Metro Prop Investments, a Mauritius-based subsidiary of Metro Investments Holdings, was dissolved on 17 January. In turn, Metro Investments Holdings is a wholly-owned subsidiary of Metro.

Whilst South Bright, based in the British Virgin Islands, was dissolved last 31 January. South Bright is 48% indirectly owned by affiliated company Metro China Holdings – a wholly-owned subsidiary of Metro.

Both Metro Prop Investments and South Bright were inactive, Metro Holdings said.

The unexpected dissolution of both entities is seen to not have any noticeable effect on the consolidated net tangible assets per share and earnings of the group in the fiscal year ended 31 March, said Metro in a statement.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia