Subsidiary Forbes Edumetry voluntarily liquidated via High Court order
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Forbes & Company Ltd's subsidiary, Forbes Edumetry Limited, has been voluntarily liquidated following a High Court order dated October 1, 2026. The company was notified on October 5, 2026. The liquidation process was initiated by the subsidiary's shareholders and creditors in late 2014. Forbes Edumetry had nil turnover, nil income, and nil net worth as of March 31, 2026, indicating it was a dormant non-operating entity with no contribution to the group's financials.
Minimal financial impact. The subsidiary had nil revenue and net worth, so liquidation of a dormant entity has no material effect on the group.