RSENA

0.505

(%)

WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR RED SENA BERHAD (IN LIQUIDATION) ("THE COMPANY") - Notices of Motion filed by Raintree F&B Sdn Bhd ("Raintree") in Kuala Lumpur High Court vide Post Winding-up No. WA-28PW-626-11/2019 ("Motion 626") and Post Winding-up No. WA-28PW-315-11/2021 ("Motion 315")

RED SENA BERHAD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
RED SENA BERHAD (IN LIQUIDATION) ("THE COMPANY") 
- Notices of Motion filed by Raintree F&B Sdn Bhd ("Raintree") in Kuala Lumpur High Court vide Post Winding-up No. WA-28PW-626-11/2019 ("Motion 626") and Post Winding-up No. WA-28PW-315-11/2021 ("Motion 315")

Reference is made to the Company’s announcements dated 7 October 2021, 22 October 2021, 11 November 2021, 30 November 2021 and 7 December 2021.

 

The Liquidators wish to update shareholders that, during the case management for Motion 626 and Motion 315 on 17 December 2021, counsel for Raintree reverted with its intended next courses of action, which counsel for the Liquidators and counsel for Securities Commission Malaysia took the view that such intended next courses of action are not provided for in the Court of Appeal Order dated 6 October 2021 (“CA Order”).

 

After hearing the parties, the High Court has directed:-

  1. Raintree to seek clarification from the Court of Appeal with regards to the terms of the CA Order;
  2. Motion 626 be fixed for hearing on 25 March 2022 at 10a.m., subject to change depending on the outcome of the said clarification.

Further update will be provided in due course.

 

This announcement is dated 21 December 2021.






Announcement Info

Company Name RED SENA BERHAD
Stock Name RSENA
Date Announced 21 Dec 2021
Category General Announcement for PLC
Reference Number GA1-21122021-00014