WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR SARAWAK CABLE BERHAD ("SCB" OR "COMPANY") WINDING-UP PETITION (IN THE HIGH COURT OF KUALA LUMPUR, WINDING UP PETITION NO. WA-28NCC-992-10/2023 AND WA-29NCC-991-10/2023) SERVED BY OCBC BANK (MALAYSIA) BERHAD ("PETITIONER") AGAINST LEADER CABLE INDUSTRY BERHAD AND UNIVERSAL CABLE (M) BERHAD ("RESPONDENTS") - UPDATE
| SARAWAK CABLE BERHAD |
| Type | Announcement |
| Subject | WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR |
| Description | SARAWAK CABLE BERHAD ("SCB" OR "COMPANY")
WINDING-UP PETITION (IN THE HIGH COURT OF KUALA LUMPUR, WINDING UP PETITION NO. WA-28NCC-992-10/2023 AND WA-29NCC-991-10/2023) SERVED BY OCBC BANK (MALAYSIA) BERHAD ("PETITIONER") AGAINST LEADER CABLE INDUSTRY BERHAD AND UNIVERSAL CABLE (M) BERHAD ("RESPONDENTS") - UPDATE |
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Unless otherwise defined, all abbreviations and definitions used herein shall have the same meaning as defined in the Company's announcements on 10 October 2023, 14 December 2023, 30 January 2024 and 7 March 2024.
The Honorable Court allowed Petition 1 and Petition 2 and ordered the winding-up of Universal Cable (M) Berhad and Leader Cable Industry Berhad. The Honorable Court also appointed Goh Hua Yang Eddie and Khoo Siew Kiat Messrs. Deloitte Restructuring Services PLT be appointed joint and several liquidators of both companies. The Company is seeking the advice of solicitors on the next course of action.
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Announcement Info
| Company Name | SARAWAK CABLE BERHAD |
| Stock Name | SCABLE |
| Date Announced | 16 May 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16052024-00011 |