OTHERS BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY") - NOTICE OF COURT CONVENED MEETING OF SCHEME CREDITORS
| BARAKAH OFFSHORE PETROLEUM BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY") - NOTICE OF COURT CONVENED MEETING OF SCHEME CREDITORS |
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Reference is made to Barakah’s announcement dated 19 February 2021, 15 March 2021 and 5 April 2021.
The Board of Directors of Barakah wishes to inform that its wholly owned subsidiary PBJV Group Sdn. Bhd. (“PBJV”) has made an application to the Court pursuant to Section 366(3) and (4) of the Companies Act 2016 for an approval of PBJV’s Proposed Debt Settlement as detailed in the Explanatory Statement dated 19 February 2021 and the Court had on 26 April 2021 granted order thereof (“the Approval Order”).
An office copy of the Approval Order shall be lodged with the Registrar of the Companies Commission of Malaysia within 7 days of issuance of the sealed order whereupon the Proposed Debt Settlement shall be binding on PBJV and its scheme creditors.
This announcement is dated 26 April 2021. |
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Announcement Info
| Company Name | BARAKAH OFFSHORE PETROLEUM BERHAD |
| Stock Name | BARAKAH |
| Date Announced | 26 Apr 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-26042021-00165 |