Integrated Hitech Limited has officially closed its non-operational subsidiaries in Singapore and America, citing negative net worth and lack of business activity. The move, approved by the board in November 2025, reflects a strategic streamlining effort with no sale or disposal involved.
Integrated Hitech Limited announced the closure of two subsidiaries—Integrated Hitech Singapore Pte Ltd and Integrated Hitech (America) Corporation—during the quarter ended September 30, 2025. The Board of Directors approved the decision at its meeting on November 14, 2025, after reviewing the subsidiaries’ financial and operational status.
The closure was necessitated by the subsidiaries’ prolonged non-operational status and negative net worth. No business activities were recorded for these units in previous years, nor during the September 2025 quarter. As there was no sale or disposal, no agreement or consideration was involved, and the transaction does not qualify as a related party transaction.
This strategic move is part of Integrated Hitech’s broader effort to rationalize its group structure and focus on core operations, with no impact on the company’s turnover, revenue, or net worth.
Key Highlights
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Integrated Hitech Singapore Pte Ltd and Integrated Hitech (America) Corporation have been closed
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Closure approved by the Board on November 14, 2025, effective for the quarter ended September 30, 2025
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Subsidiaries were non-operational and had negative net worth
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No sale or disposal agreement executed; no consideration received
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Transaction does not fall under related party or slump sale disclosures
Source: BSE Corporate Announcements – Integrated Hitech Limited