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Winding Up Petition on Ikram Skills Academy Sdn. Bhd. in the matter of Section 218 (1)(f) and (i) of the Companies Act, 1965 ("the Petition").
A disclosure that does not fit a specific Bursa form, most often an update on a court case or a corporate development.
Winding Up Petition on Ikram Skills Academy Sdn. Bhd. in the matter of Section 218 (1)(f) and (i) of the Companies Act, 1965 (“the Petition”). Contents We refer to the Bursa Malaysia’s query dated 2 September 2009 on the Company’s announcement dated
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Reply to Bursa Malaysia's Query Letter - Reference ID :: RS-090902-38207
Subject :: Winding Up Petition on Ikram Skills Academy Sdn. Bhd. in the matter of Section 218 (1)(f) and (i) of the Companies Act, 1965 (“the Petition”).
Contents :: We refer to the Bursa Malaysia’s query dated 2 September 2009 on the Company’s announcement dated 28 August 2009, in relation to the Winding Up petition on Ikram Skills Academy Sdn. Bhd. (“Petition”), requesting for the following additional information for public release: 1. The Petition is by a member of Ikram Skills Academy Sdn. Bhd. (“ISA”) to wind up ISA and appoint the Official Receiver as liquidator. No amount is claimed as the application is made under Section 218(1)(f) and(i) of the Companies Act, 1965. 2. The cost of investment by a subsidiary, Ikram Latihan Sdn. Bhd. in ISA is RM76,500, being 51% of its paid up capital. 3. The expected losses will be the cost of the investment in ISA of RM76,500. 4. The Company is taking legal advice as to the steps available to be taken in respect of the Petition.
Query Letter Content :: We refer to your announcement dated 28 August 2009, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Malaysia Securities Berhad immediately with the following information for public release: 1. Particulars of the claim under the Petition, including the amount claimed for under the Petition and the interest rate; 2. Cost of investment in ISRA; 3. The expected losses, if any arising from the Petition; and 4. Steps taken and proposed to be taken by Prostasco Berhad in respect of the Petition. Yours faithfully KHOO KAY KWAN Head, Issuers Listing Division Regulation KKK/RSA cc: Securities Commission (via fax)
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