General Announcement for PLC
03/07/2020WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR WINDING-UP PETITION ON BOUSTEAD NAVAL SHIPYARD SDN BHD, AN ASSOCIATE OF THE COMPANY ("BNS") BY MTU SERVICES (MALAYSIA) SDN BHD ("MTU")
BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD |
Type | Announcement |
Subject | WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR |
Description | WINDING-UP PETITION ON BOUSTEAD NAVAL SHIPYARD SDN BHD, AN ASSOCIATE OF THE COMPANY ("BNS") BY MTU SERVICES (MALAYSIA) SDN BHD ("MTU") |
The Board of Directors of Boustead Heavy Industries Corporation Berhad (“BHIC” or the “Company”) wishes to announce that its associate company, Boustead Naval Shipyard Sdn Bhd (“BNS”), which is a major associated company, has been served with a Winding-up Petition (“Petition”) on 3 July 2020 by MTU Services (Malaysia) Sdn Bhd ("MTU").
By the Petition, MTU alleges that BNS is indebted to them for the total sum of RM56,044,740.00 (the “Sum”) for the equipment supplied and services provided to BNS.
It is relevant to note that the Petitioner has not obtained any judgement from the Court on the amount allegedly due and owing to them.
BNS is currently assessing the impact on the Group, financially and operationally of the Petition.
Further announcement will be made in due course.
|
Announcement Info
Company Name | BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD |
Stock Name | BHIC |
Date Announced | 03 Jul 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-03072020-00108 |