Facor Alloys Ltd

Facor Alloys’ Dutch Subsidiary Deregistered – What It Means 🏭

- Facor Alloys’ step-down subsidiary, FTMN (Netherlands), has been deregistered.

- FTMN was non-operational with no revenue-generating activities.

- Investments in FTMN and other overseas subsidiaries were fully impaired in prior years.

- Deregistration has no material impact on Facor Alloys’ operations or financials.