26 Mar 2010
Notice Pursuant to Section 218
Author: admin | Filed under: Announcement
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Announcement |
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MESB BERHAD (“MESB” or “the Company”)
– Notice Pursuant to Section 218 of the Companies Act, 1965 |
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| The Board of Directors of MESB wishes to announce that Maintenance Engineering Sdn Bhd (“ME”), a wholly-owned subsidiary of the Company, had been served with a notice dated 19 March 2010 pursuant to Section 218 of the Companies Act, 1965 by Messrs Vazeer Akbar Masjid & Co (“VAMC”), advocates & Solicitors acting for Zelleco Engineering Sdn Bhd/ Zelleco Sdn Bhd demanding the payment of RM7,282,756.68.
ME is given 21 days from the date of receipt of the notice to settle the said outstanding amount, failing which, winding up proceedings will be taken against the ME.
The Company wishes to announce that ME will vigorously defend these proceedings and will contest any winding up proceedings that may be initiated.
The Company and/or ME is seeking the necessary legal advice to resolve and/or defend against this matter.
Further announcement on the developments of the above matter will be made to Bursa Malaysia Securities Berhad in due course.
This announcement is dated 26 March 2010. |
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