Maldives Government Plans to Liquidate These 29 Companies

Tuesday, January 03, 2017

Share Holder
%
Entity
Government of Maldives
100%
Maldives Entertainment Company Limited
Government of Maldives
100%
Central Utilities Limited
Government of Maldives
100%
North Central Utilities Limited
Government of Maldives
100%
Northern Utilities Limited
Government of Maldives
100%
South Central Utilities Limited
Government of Maldives
100%
Southern Utilities Limited
Government of Maldives
100%
Upper North Utilities Limited
Government of Maldives
100%
Upper South Utilities Limited
Government of Maldives
100%
Works Corporation Limited
Government of Maldives
100%
Hithadhoo Port Limited
Government of Maldives
100%
Gan Airports Company Limited
Government of Maldives
100%
Kulhudhuffushi Port Limited
Government of Maldives
100%
Male Health Services Corporation
Government of Maldives
100%
Kooddoo Fisheries Maldives Limited
Government of Maldives
100%
Felivaru Fisheries Maldives Limited
Government of Maldives
100%
Southern Health Services Corporation
Government of Maldives
100%
Central Health Services Corporation
Government of Maldives
100%
Northern Health Services Corporation
Government of Maldives
100%
North Central Health Services Corporation
Government of Maldives
100%
South Central Health Services Corporation
Government of Maldives
100%
Upper North Health Services Corporation
Government of Maldives
100%
Upper South Health Services Corporation
Government of Maldives
100%
Vilingili Investment Private Limited
Government of Maldives
100%
Male International Airport Private Limited
Government of Maldives
100%
Air Maldives Limited
Government of Maldives
100%
Madivaru Holdings Private Limited
Government of Maldives
100%
Maldives National Shipping Limited (MNSL)
Government of Maldives
100%
Maldives National Broadcasting Corporation Limited
Government of Maldives
100%
Maldives Industrial Fisheries Company Limited (Mifco)

In finance and economics, liquidation is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations as and when they come due. The company's operations are brought to an end, and its assets are divvied up among creditors and shareholders, according to the priority of their claims.

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