BPURI

0.080

(%)

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

Reference is made to the Company’s announcement dated 6 February 2024. 

 

The Board wishes to provide the additional information pertaining to the Winding-Up Petition dated 20 December 2023 served by YTL Cement Marketing Sdn Bhd (“the Petitioner”) (“the Petition”) as below:-

 

1. The Petitioner has initiated the Petition to wind up the Company on the basis of default payment under the Notice of Demand dated 20 November 2023 in respect of the sum of RM 1,742,135.28 (including interest rate of 1.50% per month) (“Petition Amount”). This was attributed to the Company failing to settle the Petition Amount within 21 days from the date of receipt of the Notice of Demand given by the Petitioner. The Petitioner would like to recover the Petition Amount for its cement supply services rendered to various projects of the Company.

 

2. The Company has delayed in making the announcement on the Petition as the Board believed that making any announcement regarding the aforementioned Petition would be premature as the Company is still in negotiation on the disputed sum. The Company remains in discussions with the Petitioner to resolve the matter amicably.

 

This announcement is dated 7 February 2024.






Announcement Info

Company Name BINA PURI HOLDINGS BHD
Stock Name BPURI
Date Announced 07 Feb 2024
Category General Announcement for PLC
Reference Number GA1-07022024-00059