Excel Crop Care to wind up Brazil subsidiary

The Board of Directors of Excel Crop Care Ltd at its meeting held on February 02, 2017, it has been decided in-principle to wind up or otherwise close down Excel Brazil Agronegocious Ltda, the Company's subsidiary in Brazil.

 

The Brazil subsidiary was incorporated in 2011 but has never carried out any commercial operation. The subsidiary has also not been funded for share capital. In view of the changed business plans, the Board has decided to wind up or otherwise close down the subsidiary.