Dibo Announces Board Resolution to Liquidate Subsidiary DEPO AUTO LAMP(M) SDN. BHD.
Key facts
- Dibo Announces Board Resolution to Liquidate Subsidiary DEPO AUTO LAMP(M) SDN. BHD.
- Dibo has announced that its board of directors has resolved to liquidate its 100% subsidiary, DEPO AUTO LAMP(M) SDN. BHD., due to the absence of ongoing operational needs. The move is not expected to impact the parent company's operations.
- Source: PR Times
- Date: June 16, 2026
Direct answer
Dibo has announced that its board of directors has resolved to liquidate its 100% subsidiary, DEPO AUTO LAMP(M) SDN. BHD., due to the absence of ongoing operational needs. The move is not expected to impact the parent company's operations.
- Citation
- Dibo Announces Board Resolution to Liquidate Subsidiary DEPO AUTO LAMP(M) SDN. BHD. (June 16, 2026), PR Times
- Source
- PR Times
- Date
- June 16, 2026
Dibo has announced that its board of directors has resolved to liquidate its 100% subsidiary, DEPO AUTO LAMP(M) SDN. BHD., due to the absence of ongoing operational needs. The move is not expected to impact the parent company's operations.
📋 Article Processing Timeline
- 📰 Published: June 16, 2026 at 09:00
- 🔍 Collected: June 17, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 18, 2026 at 17:25 (24h 25m after Collected)
1. Factual Date: 2026/06/16
2. Company Name: DEPO AUTO LAMP(M) SDN. BHD.
3. Relationship with Company (Please enter 'Parent' or 'Subsidiary'): Subsidiary
4. Cross-shareholding Ratio: A subsidiary directly 100% owned by the parent company
5. Reason for Occurrence: No further operational requirements
6. Response Measures: None
7. Other Matters to be Disclosed (If the subject of the event or resolution is a publicly listed company or above, this material information also meets the criteria under Article 7, Paragraph 9, Clause 9 of the Enforcement Rules of the Securities and Exchange Act, concerning matters significantly affecting shareholders' rights or securities prices): None
2. Company Name: DEPO AUTO LAMP(M) SDN. BHD.
3. Relationship with Company (Please enter 'Parent' or 'Subsidiary'): Subsidiary
4. Cross-shareholding Ratio: A subsidiary directly 100% owned by the parent company
5. Reason for Occurrence: No further operational requirements
6. Response Measures: None
7. Other Matters to be Disclosed (If the subject of the event or resolution is a publicly listed company or above, this material information also meets the criteria under Article 7, Paragraph 9, Clause 9 of the Enforcement Rules of the Securities and Exchange Act, concerning matters significantly affecting shareholders' rights or securities prices): None
FAQ
What was DEPO AUTO LAMP(M) SDN. BHD.?
A 100% subsidiary of Dibo based in Malaysia, engaged in automotive lamp manufacturing.
Why is the subsidiary being liquidated?
Due to the absence of ongoing operational needs and strategic realignment.
Will this affect Dibo's stock price?
No major impact is expected, though short-term market reactions may occur.