BPURI

0.075

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WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR BINA PURI HOLDINGS BHD ("BPHB" OR "THE COMPANY") - WINDING-UP PETITION SERVED ON THE COMPANY

BINA PURI HOLDINGS BHD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
BINA PURI HOLDINGS BHD ("BPHB" OR "THE COMPANY")
- WINDING-UP PETITION SERVED ON THE COMPANY

The Board of Directors of BPHB wishes to announce that the Company, had on 3 January 2024, served with a Winding-Up Petition dated 20 December 2023 in the High Court of Malaya at Kuala Lumpur, by YTL Cement Marketing Sdn Bhd (“the Petitioner”) (“the Petition”) via its Advocates & Solicitors, Messrs. Baljit & Associates.

 

The Petitioner claimed that BPHB has failed to settle the demanded amount of RM 1,742,135.28 (including interest rate of 1.50% per month) as at 30 November 2023 which resulted in the Petitioner initiating the Petition.

 

The Company remains in discussions with the Petitioner to resolve the matter amicably.

 

There will be no immediate material financial and operational impact and no expected loss to the Group arising from the Petition.

 

The date of hearing for the Petition has been fixed on 25 March 2024.

 

Any material development in this matter will be announced in due course.

 

This announcement is dated 6 February 2024.






Announcement Info

Company Name BINA PURI HOLDINGS BHD
Stock Name BPURI
Date Announced 06 Feb 2024
Category General Announcement for PLC
Reference Number GA1-06022024-00073