ITC Global Holdings Pte Ltd, Singapore, which was placed under judicial management, ceased to be a subsidiary of ITC, the company informed on Wednesday.
“ITC Global Holdings Pte, Singapore, has ceased to be a subsidiary of ITC pursuant to its dissolution vide order dated July 10 of the High Court of the Republic of Singapore,” the company said in a regulatory filing to the bourses. The company was placed under judicial management in 1996 and was in the process of being wound up. In 1992, ITC incorporated Global as a commodities trading company in Singapore. ITC Global was put into liquidation on November 30, 2007.
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