TVS Provide Chain Options (SCS), a part of the TVS Group, has closed down considered one of its subsidiaries within the Thailand market. The corporate introduced on Monday in regards to the dissolution of TVS SCS (Siam) Restricted, its subsidiary in Thailand. TVS SCS Siam is an entirely owned subsidiary of TVS SCS, which was established in 2005.
The 18 12 months previous firm is a dormant firm and never a fabric subsidiary of the corporate, the corporate mentioned in its regulatory filings. “TVS SCS (Siam) Restricted is an entirely owned subsidiary of the corporate in Thailand and has not been finishing up any enterprise operations over the last Monetary Yr. The mentioned subsidiary is a dormant firm with NIL turnover,” the corporate mentioned.
The corporate additional mentioned that the dissolution is below the method, not but accomplished.
On March 18, 2024, TVS Provide Chain knowledgeable its buyers that the corporate deregistered its international subsidiary Transtar Worldwide Freight Ltd (Transtar China). The corporate additional mentioned that as a part of rationalization of the holding construction of international subsidiaries, the step down subsidiary, Transtar Worldwide Freight (Shanghai) Ltd (Transtar China) has been deregistered.
 Limited is a wholly owned subsidiary of the company in Thailand and has not been carrying out any business operations during the last Financial Year. The said subsidiary is a dormant company with nil turnover. The dissolution is under the process, not yet completed, the company said.){kind=link}