Plato Capital (SGX:YYN) said Lim Tian Huat and Chiang Teng Guan of Rodgers Reidy & Co were appointed as joint liquidators for the member's voluntary winding up of dormant Malaysia-incorporated indirect wholly owned subsidiary Plato Solutions.
The liquidation of the Malaysian subsidiary is part of the group's strategy to reduce costs, according to a filing with the Singapore Exchange.
Shares of the company were up over 2% in recent trading.
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