TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionWINDING-UP PETITION ON BOUSTEAD NAVAL SHIPYARD SDN BHD (“BNS”), A SUBSIDIARY OF THE COMPANY BY MTU SERVICES (MALAYSIA) SDN BHD (“MSM”)

Reference is made to the announcements dated 3 July 2020, 7 July 2020, 13 October 2020 and 30 October 2020, on the receipt of a Winding-up Petition (“Petition”) by Boustead Naval Shipyard Sdn Bhd (“BNS”), a subsidiary of the Company, and on the grant and extension of an ad interim restraining order.

 

The Board of Directors of Boustead Holdings Berhad (“BHB” or the “Company”) wishes to announce that on 27 January 2021, the High Court of Kuala Lumpur adjourned the hearing to 24 February 2021. The ad interim restraining order will continue until the disposal of the matters set for hearing on 24 February 2021.

 

The ad interim restraining order will not restrain or stay the continuation of the legal proceedings in Kuala Lumpur High Court Companies Petition No. WA-28NCC-490-06/2020 brought by MTU Services (Malaysia) Sdn Bhd and the Ipoh High Court Suit No. 22NCvC-193-08/2012 brought by Ingat Kawan Sdn Bhd.

 

The Board will make the relevant update announcement(s) in relation to the foregoing as and when there are material developments on the same.

 

This announcement is dated 27 January 2021.

 


Announcement Info

Company NameBOUSTEAD HOLDINGS BERHAD
Stock NameBSTEAD
Date Announced27 Jan 2021
CategoryGeneral Announcement for PLC
Reference NumberGA1-27012021-00056