| BRAHIM’S HOLDINGS BERHAD |
| Type | Announcement | |
| Subject | WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR | |
| Description | Brahim’s Holdings Berhad (“the Company”) – Winding Up of Subsidiary of the Company |
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Further to our announcement on 25 November 2013, the Board of Directors of the Company wishes to update the outcome of the hearing in the High Court for the case of Arqan Niaga Sdn Bhd vs Admuda Sdn Bhd held on 12 December 2013, that the Judge had ordered a permanent stay of the winding up order dated 1 November 2013. The Court’s orders are as follows:- 1) That the winding up order of 1 November 2013 against Admuda Sdn Bhd (“the Respondent”) be permanently stayed pursuant to Section 243 of the Companies Act, 1965;
2) That the winding up petition dated 15 May 2013 is struck off without liberty to file afresh; and
3) That the Respondent is to pay RM5,000.00 as costs to the Liquidators within 2 weeks of the issuance of the sealed order.
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