General Announcement for PLC

11/07/2017

WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR EKA NOODLES BERHAD ("EKA" OR "COMPANY") ORDER UNDER SECTION 366 AND SECTION 368 OF THE COMPANIES ACT 2016

EKA NOODLES BERHAD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
EKA NOODLES BERHAD ("EKA" OR "COMPANY")

ORDER UNDER SECTION 366 AND SECTION 368 OF THE COMPANIES ACT 2016

Unless otherwise defined, the definitions set out in the announcements dated 6 July 2017 and 10 July 2017 shall apply herein.

1. Details of the claim on the Civil Suit filed by Metro Supplies Marketing Sdn Bhd (“MSM”).

MSM is claiming from both parties, jointly and severally pay the followings:

(1) Outstanding monthly rentals from September 2016 to January 2017, totalling RM200,000

(2) Monthly rental of RM40,000 per month from February 2017 until the said Property is sold and full purchase price is received by MSM

(3) Interest at the rate of 10.6% per annum calculated from the respective due dates of the monthly rentals as in (1) and (2) above, until the date of full payment;

(4) Costs of this proceeding; and

(5) Further or other relief and/or order as shall deem fit to grant by the Court.

MSM also claiming from Rasayang the following:

(i) General damages for the damages to the Property and interest at the rate of 5% per annum calculated from the date of the Writ filed herein until the date of full settlement;

(ii) Total sum paid to security guards at RM6,000 per month from November 2016 until the Property is purchased by Dato’ Khor or sold to third party and interest at the rate of 5% per annum calculated from the respective dates on which such sums are paid by MSM to the security guards until date of full settlement.

(iii) All quit rent, assessment, rates and taxes in respect of the said Property paid or to be paid by MSM until the said Property is sold shall be debt due and payable to MSM and interest at the rate of 5% per annum calculated from the date such quit rent, assessment, rates and taxes in respect of the said Property are paid by MSM until date of full settlement.

 

2. The financial and operational impact of the Civil Suit on the Group.

There will be no operational impact of the Civil Suit on the Group as Rasayang had ceased its operation and the investment in Rasayang had been fully impaired as such there is no financial impact on the Group.






Announcement Info

Company Name EKA NOODLES BERHAD
Stock Name EKA
Date Announced 11 Jul 2017
Category General Announcement for PLC
Reference Number GA1-11072017-00086