HARRISONS HOLDINGS (MALAYSIA) BERHAD ("the Company") - WINDING-UP PETITION AGAINST KUMPULAN JAYA PEMASARAN SDN BHD
HARRISONS HOLDINGS (MALAYSIA) BERHAD |
Type | Reply to query |
Reply to Query Letter by KLSE reference ID | SW-030717-35669 |
Subject | HARRISONS HOLDINGS (MALAYSIA) BERHAD ("the Company") - WINDING-UP PETITION AGAINST KUMPULAN JAYA PEMASARAN SDN BHD |
Contents :
Further to the announcement made by the Company on 18 July 2003, the Company wish to further announce the following:1) The Petition on Kumpulan Jaya Pemasaran Sdn Bhd (“KJP”) by Harrisons Trading (Peninsular) Sdn Bhd (“HTP”) was served pursuant to Section 218(1)(e) and (i) of the Companies Act, 1965 at Kuala Lumpur High Court No. D1-28-675-2003.
2) The total sum of RM8,921,392.84 owing by KJP to HTP as at 30 June 2003 comprises of principal and interest amounting to RM8,157,456.16 and RM763,936.68 respectively. Interest at 10% per annum is charged by HTP in respect of KJP's outstanding trade receivables not collected from customers upon the expiry of credit terms. KJP's trade receivables as at 30 June 2003 is about RM300,000.00.
Query Letter Contents :
We refer to your announcement dated 16 July 2003 in respet of the aforesaid
matter.
In this connection, kindly furnish the Exchange immediately with the following
additional information for public release:-
The date of the presentation of the winding-up petition.
The particulars of the claim under the petition, including the amount claimed
for under the petition and the interest rate and the relevant provision of the
Companies Act, 1965 of which the winding-up petition was based on..
Details of the default or circumstances leading to the filing of the winding-up
petition against KJP.
Total cost of investment in KJP.
Financial and operational impact of the winding-up proceedings on the group.
Expected losses arising from the winding-up petition.
Steps taken and proposed to be taken in respect of the winding-up proceedings.
Yours faithfully
LISA LAM
Senior Manager, Listing Operations
LL/YYT/WSW/SW
Announcement Info
Company Name | HARRISONS HOLDINGS (MALAYSIA) BERHAD |
Stock Name | HARISON |
Date Announced | 21 Jul 2003 |
Category | General Announcement |
Reference No | CC-030721-60276 |