Subsidiary4 Jun 2026, 06:11 pm
Tega Industries Subsidiary Deregistered in Australia
AI Summary
Tega Industries Ltd has announced the successful voluntary de-registration of its wholly-owned subsidiary, Tega Industries Australia Pty Ltd. The Australian Securities & Investments Commission (ASIC) completed the deregistration effective June 02, 2026. This action was part of a previously approved plan to reduce the subsidiary's share capital by returning capital to the parent company. Tega Industries confirmed that the Australian subsidiary was not material and its deregistration will not impact the company's overall business operations.
Key Highlights
- Wholly-owned Australian subsidiary Tega Industries Australia Pty Ltd has been deregistered.
- Deregistration was completed by the Australian Securities & Investments Commission (ASIC).
- The subsidiary was not considered material to Tega Industries' operations.
- No impact on the company's overall business operations is expected.
Price Impact
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