Yamaha Corporation (Yamaha) has announced its intention to dissolve Audio-Visual Land (Malaysia) Sdn. Bhd. (hereinafter, AVL; Representative: Hitoshi Mochizuki; Location: Malaysia). AVL is a wholly owned subsidiary of Yamaha Music (Malaysia) Sdn. Bhd. (hereinafter, YMM; Representative: Yasushi Suzuki; Location: Malaysia), which is a wholly owned sales subsidiary of Yamaha, operating in Malaysia.
AVL was established in August 1992 as a subsidiary of YMM with the objective of conducting sales activities for audio equipment, including professional audio equipment, and other items in Malaysia. However, as a result of measures to increase efficiency, these activities were transferred to YMM in April 2005, and AVL became a dormant business entity. Liquidation of the assets and liabilities of AVL has virtually been completed, and procedures for dissolution of AVL are beginning.
Please note that the costs accompanying the liquidation of AVL will be minor and the impact of this decision on Yamaha’s consolidated accounts will not be material.
1.Outline of Company to Be Dissolved
| Company name | Audio-Visual Land (Malaysia) Sdn. Bhd. |
|---|---|
| Address | No. 8, Jalan Perbandaran, Kelana Jaya, 47301 Petaling Jaya, Selangor |
| Representative | Yasushi Suzuki |
| Lines of business | Sales and installation of audio equipment and professional audio equipment |
| Paid-in capital | 250,000 RM (100% invested by YMM) |
| Date of establishment | August 13, 1992 |
2.Schedule for the Dissolution
| Date of termination of operations | Operations ceased in April 2005 |
|---|---|
| Completion of the dissolution | Scheduled for June 2009 |
3.Cost of Dissolution
Minimal
For further information, please contact
Yamaha Corporation
Corporate Communications Division, Public Relations Group
- TEL. +81-3-5488-6601
- FAX. +81-3-5488-5060
Visit Yamaha's website at
http://www.yamaha.com/
