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MATERIAL LITIGATION HLT GLOBAL BERHAD ("HLT" OR "THE COMPANY") - WINDING-UP PETITION SERVED ON CENTRAL MEDICARE SDN BHD ("CM" OR "RESPONDENT") BY HL ADVANCE TECHNOLOGIES (M) SDN BHD ("HL ADVANCE" OR "PETITIONER"), A WHOLLY-OWNED SUBSIDIARY OF HLT, PURSUANT TO SECTION 465 (1) (E) AND 446 (1) (A) OF THE COMPANIES ACT 2016 AND COMPANIES (WINDING-UP) RULES 1972 ("WINDING-UP PETITION") - KUALA LUMPUR HIGH COURT COMPANIES WINDING-UP PETITION NO. WA-28NCC-598-06/2018

HLT GLOBAL BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
HLT GLOBAL BERHAD ("HLT" OR "THE COMPANY") 

- WINDING-UP PETITION SERVED ON CENTRAL MEDICARE SDN BHD ("CM" OR "RESPONDENT") BY HL ADVANCE TECHNOLOGIES (M) SDN BHD ("HL ADVANCE" OR "PETITIONER"), A WHOLLY-OWNED SUBSIDIARY OF HLT, PURSUANT TO SECTION 465 (1) (E) AND 446 (1) (A) OF THE COMPANIES ACT 2016 AND COMPANIES (WINDING-UP) RULES 1972 ("WINDING-UP PETITION")

- KUALA LUMPUR HIGH COURT COMPANIES WINDING-UP PETITION NO. WA-28NCC-598-06/2018

We refer to the Company's announcement made on 26 June 2018 and hereby furnish the following additional information: -

 

1) The financial and operational impact of the Winding-Up Petition on HLT and its subsidiaries (“HLT Group”)

The Winding-Up Petition is not expected to have any material impact on the financial and operations of the HLT Group.

 

2) The expected losses, if any arising from the Winding-Up Petition

Premised on the above, the losses that may arise from the Winding-Up Petition are the incidental expenses/costs attributed to the winding-up process.

 

This announcement is dated 28 June 2018.






Announcement Info

Company Name HLT GLOBAL BERHAD
Stock Name HLT
Date Announced 28 Jun 2018
Category General Announcement for PLC
Reference Number GA1-28062018-00023




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