PRKCORP

0.460

+0.03 (+7%)

WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR ORDER UNDER SECTION 366 AND SECTION 368 OF THE COMPANIES ACT 2016

PERAK CORPORATION BERHAD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
ORDER UNDER SECTION 366 AND SECTION 368 OF THE COMPANIES ACT 2016

Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the Company’s announcements dated 27 July 2020, 19 October 2020 and 13 January 2021 in relation to the Restraining Order granted by High Court of Malaya at Ipoh.

Reference is made to the announcements dated 27 July 2020, 19 October 2020 and 13 January 2021 in relation to the RO, Extended RO and Further Extended RO respectively granted by the High Court to the Applicants pursuant to Section 368 of the Companies Act 2016.

The Board of Directors of Perak Corporation Berhad wishes to announce that the High Court has granted the Applicants a further extension of the RO for a period of ninety (90) days from today (“Third Extended RO”).

With this positive development, the Company shall continue to negotiate a favourable settlement terms with its Scheme Creditors at the Court Convened Meetings to be held on 19 April 2021.

This Third Extended RO is not expected to have any material impact on the financial and operational matters of the Company and its group of companies.

Further development on the above matter shall be announced in due course.

This announcement is dated 9 April 2021.






Announcement Info

Company Name PERAK CORPORATION BERHAD
Stock Name PRKCORP
Date Announced 09 Apr 2021
Category General Announcement for PLC
Reference Number GA1-09042021-00102