General Announcement for PLC

24/08/2022

WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR HB Global Limited ("HB" or "the Company") - High Court of Malaya at Shah Alam Winding Up Petition No. BA-28NCC-298-05/2022 in relation to the Winding Up of Forward Resources and Construction Sdn Bhd ("the Respondent") by Bina Plastic Industries Sdn Bhd ("the Petitioner")

HB GLOBAL LIMITED

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description 
HB Global Limited ("HB" or "the Company")
- High Court of Malaya at Shah Alam Winding Up Petition No. BA-28NCC-298-05/2022 in relation to the Winding Up of Forward Resources and Construction Sdn Bhd ("the Respondent") by Bina Plastic Industries Sdn Bhd ("the Petitioner")

Reference is made to the Company's announcement dated 20 May 2022. The terms used herein shall have the same meanings as that used in the said announcement, unless otherwise stated. 

 

Further to the hearing held on 24 August 2022, the Board of Directors of the Company wishes to announce that the Court has granted order as follows:-

  1. That Forward Resources and Construction Sdn Bhd be wound up by the Court under the provisions of the Companies Act, 2016;
  2. That the Official Receiver be appointed as the Liquidator of Respondent; and
  3. That the costs of RM8,000.00 to be paid out from the assets of the Respondent to the Petitioner. 

Any further development of the above matter will be announced in due course.

 

This announcement is dated 24 August 2022.

 

 



Announcement Info

Company Name HB GLOBAL LIMITED
Stock Name HBGLOB
Date Announced 24 Aug 2022
Category General Announcement for PLC
Reference Number GA1-24082022-00031


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