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    Winding Up Of Zingasia Pte Ltd

    BackFeb 21, 2002

    Panpac Media.com Limited (the "Company") has on 8 February 2002 made an announcement relating to the proposed voluntary winding up of its wholly-owned subsidiaries, ZingAsia Pte Ltd ("ZingAsia").

    Further thereto, the Board of Directors of the Company wishes to announce that pursuant to the Extraordinary General Meeting of ZingAsia and a creditors' meeting held on 20 February 2002, ZingAsia has been placed in a creditors' voluntary winding up pursuant to Section 290 (1) (b) of the Companies Act with effect from 20 February 2002. Accordingly, Mr Don M. Ho of M/s Don Ho & Associates and Mr Lim Lian Soon of M/s Lee Yeok Chai & Co. have been appointed jointly and severally as liquidators of ZingAsia with effect from 20 February 2002 for the purposes of such winding up.