Lindeteves-Jacoberg Limited
Encyclopedia
Lindeteves-Jacoberg Limited (LJL), based in Singapore
, is an investment
holding company
which provides management
services to its subsidiaries.
As of April 2007, “Subsequent to the acquisition of the Company’s majority shares
by ATB Austria Antriebstechnik AG (ATB) during the year ended December 31, 2006, ATB became the immediate holding corporation of the Company. In September 2006, Lindeteves Marketing Services Pte Ltd (LMS), a wholly owned subsidiary
of the Company, was placed in members' voluntary liquidation. }} more than 50% of its shares
have been acquired by Austria Antriebstechnik AG (ATB) and its marketing
services subsidiary
is in voluntary liquidation (liquidation bankruptcy
).
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
, is an investment
Investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...
holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
which provides management
Management
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
services to its subsidiaries.
As of April 2007, “Subsequent to the acquisition of the Company’s majority shares
Share (finance)
A joint stock company divides its capital into units of equal denomination. Each unit is called a share. These units are offered for sale to raise capital. This is termed as issuing shares. A person who buys share/shares of the company is called a shareholder, and by acquiring share or shares in...
by ATB Austria Antriebstechnik AG (ATB) during the year ended December 31, 2006, ATB became the immediate holding corporation of the Company. In September 2006, Lindeteves Marketing Services Pte Ltd (LMS), a wholly owned subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
of the Company, was placed in members' voluntary liquidation. }} more than 50% of its shares
Share (finance)
A joint stock company divides its capital into units of equal denomination. Each unit is called a share. These units are offered for sale to raise capital. This is termed as issuing shares. A person who buys share/shares of the company is called a shareholder, and by acquiring share or shares in...
have been acquired by Austria Antriebstechnik AG (ATB) and its marketing
Marketing
Marketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
services subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
is in voluntary liquidation (liquidation bankruptcy
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
).