Subsidiary24 Jul 2026, 07:01 pm
Allcargo Global Subsidiary Removed from Register
AI Summary
Allcargo Global Ltd announced that its step-down wholly owned overseas subsidiary, ECU Worldwide New Zealand Limited, has been removed from the Companies Register New Zealand Companies Office effective July 23, 2026. The subsidiary was an inactive entity, with its business operations transitioned to an agency arrangement. This removal means it is no longer a subsidiary of Allcargo Global. The financial impact is minimal, with revenue from operations at €3,529 (0.00% of total) and a net worth of (€256,984) (-0.21% of total) as of December 31, 2025.
Key Highlights
- ECU Worldwide New Zealand Limited removed from register effective July 23, 2026.
- Subsidiary was inactive; operations transitioned to agency model.
- Minimal financial impact: revenue €3,529, net worth (€256,984).
- No longer a step-down wholly owned overseas subsidiary.
Price Impact
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