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WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR MAGNA PRIMA BERHAD ("MAGNA" OR "THE COMPANY") SHAH ALAM HIGH COURT OF MALAYA COMPANIES WINDING UP SUIT NO. BA-28NCC-663-10/2019 JAYAPALASINGAM A/L KANDIAH (Liquidator of Magna Shah Alam Sdn Bhd (In Liquidation) ("Petitioner") and Magna Prima Berhad ("Respondent")

MAGNA PRIMA BERHAD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
MAGNA PRIMA BERHAD ("MAGNA" OR "THE COMPANY")
SHAH ALAM HIGH COURT OF MALAYA COMPANIES WINDING UP SUIT NO. BA-28NCC-663-10/2019 
JAYAPALASINGAM A/L KANDIAH (Liquidator of Magna Shah Alam Sdn Bhd (In Liquidation) ("Petitioner") and Magna Prima Berhad ("Respondent")

For consistency, all abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 24 February 2020, where applicable, unless stated otherwise or defined herein.

 

Further to the Company’s announcements made on 24 February 2020, the Company’s solicitors, Messrs Azwar & Partners had notified the Company that during the hearing held on 3 November 2022, the Court’s decision are as follows:-

 

1.       Winding up against Magna Prima Berhad is withdrawn with no order as to costs; and

 

2.      Magna Shah Alam Sdn Bhd’s winding up is terminated with no order as to costs as well.

 

Further development(s) on the above matter will be announced to Bursa Malaysia Securities Berhad in due course.

 

This announcement is dated 3 November 2022.






Announcement Info

Company Name MAGNA PRIMA BERHAD
Stock Name MAGNA
Date Announced 03 Nov 2022
Category General Announcement for PLC
Reference Number GA1-03112022-00060




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