MATERIAL LITIGATION IKHMAS JAYA GROUP BERHAD ("IJGB" OR "THE COMPANY") NOTICE OF DEMAND PURSUANT TO SECTION 465(1)(e) AND SECTION 466 (1) (a) OF THE COMPANIES ACT, 2016 SERVED BY SUNWAY GEOTECHNICS (M) SDN BHD

IKHMAS JAYA GROUP BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
IKHMAS JAYA GROUP BERHAD ("IJGB" OR "THE COMPANY") 

NOTICE OF DEMAND PURSUANT TO SECTION 465(1)(e) AND SECTION 466 (1) (a) OF THE COMPANIES ACT, 2016 SERVED BY SUNWAY GEOTECHNICS (M) SDN BHD

Further to the announcements dated 26 July 2019, the Company wishes to inform that its wholly owned subsidiary, Ikhmas Jaya Sdn Bhd (“IJSB”) had on 5 June 2020 received a Notice of Demand pursuant to Section 465(1)(e) and Section 466 (1)(a) of the Companies Act, 2016 served by the solicitors of Sunway Geotechnics (M) Sdn Bhd.

The Notice requires IJSB to pay the balance amount of RM4,620,784.84 pursuant to the Settlement Agreement dated 17 July 2019 and cost for repair of RM237,221.10 due to Sunway Geotechnics (M) Sdn Bhd within six (6) months from the date of receipt of the Notice, failing which appropriate action will be taken for the winding up of IJSB.

This Announcement is dated on 5 June 2020.

 






Announcement Info

Company Name IKHMAS JAYA GROUP BERHAD
Stock Name IKHMAS
Date Announced 05 Jun 2020
Category General Announcement for PLC
Reference Number GA1-05062020-00115