Wasco's German Pipe Coating Subsidiary Files For Insolvency
Wasco's German Pipe Coating Subsidiary Files For Insolvency
Wasco expects losses will be limited to the net tangible value of approximately € 75,000.Wasco Berhad announced that Wasco Coatings Germany GmbH an indirect wholly-owned dormant subsidiary had filed for insolvency with the court in Stralsund, Germany.
華士公司宣佈其間接全資的待命子公司Wasco Coatings Germany GmbH已向德國斯特拉爾松德法院申請破產。
WCG was incorporated in Germany in 2016 and was principally involved in the provision of pipe coating and related services to the oil and gas industry. The group however said the company has been dormant since end of 2023. It is a direct wholly-owned subsidiary of Wasco Coatings Europe B.V., which in turn is an indirect wholly-owned subsidiary of WB. Wasco said WCG is not a major subsidiary of the group.
WCG於2016年在德國註冊，主要從事爲石油和燃料幣行業提供管道塗層及相關服務。集團表示，該公司從2023年底開始處於休眠狀態。這是Wasco Coatings Europe B.V.的直接全資子公司，後者是Wb的間接全資子公司。華士表示，WCG不是集團的主要子公司。
The group did highlight that WCG anticipates unreasonable claim may be made against it, but having considered the significant management time and cost that will be involved in refuting the claim, it was necessary to file for insolvency.
集團指出，WCG預計可能會遭遇不合理索賠，但考慮到拒絕索賠將涉及重大的管理時間和成本，因此有必要申請破產。
Wasco expects losses will be limited to the net tangible value of approximately € 75,000.
華士預計損失將限制在約75,000歐元的淨有形價值。
譯文內容由第三人軟體翻譯。
