Global Invacom to dissolve Cayman Islands subsidiary

Satellite communications equipment and electronics provider Global Invacom announced on Monday that its wholly-owned subsidiary Radiance Cayman, incorporated in the Cayman Islands, would be dissolved on 31 December.

The AIM-traded firm said the dissolution would not have any material impact on the consolidated net tangible assets per share or earnings per share of the group for the financial year ending 31 December.

“None of the directors or controlling shareholders of the company has any direct or indirect interest in the dissolution,” the board said in its statement.