Bursa Alert
Global Market
NewsPatimas gets 6 months stay from winding-up action
Page 1 of 1
Patimas gets 6 months stay from winding-up action
by Cals Wed 15 May 2013, 00:43
Patimas gets 6 months stay from winding-up action
Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia.com
Tuesday, 14 May 2013 19:28
A + / A - / Reset
KUALA LUMPUR (May 14): PATIMAS COMPUTERS BHD [] announced that the court has ordered that any winding-up proceedings and related actions against the company and its units will be stayed for six months from May 9.
In a late filing to Bursa Malaysia, Patimas said on 9 May 2013, the court has ordered that all winding up proceedings against Patimas and its subsidiaries Patimas Dot Com Sdn Bhd, Patimas HPD Systems Sdn Bhd and Patimas Outsourcing Services Sdn Bhd be restrained and stayed.
“The restraining order will allow Patimas to focus on formalizing the proposed schemes of arrangements unhindered without having to divert its attention and resources to defending and dealing with any proceeding from the group’s creditors,” said the PN17 company.
Patimas said the details of the proposed schemes of arrangement will be announced in due course.
Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia.com
Tuesday, 14 May 2013 19:28
A + / A - / Reset
KUALA LUMPUR (May 14): PATIMAS COMPUTERS BHD [] announced that the court has ordered that any winding-up proceedings and related actions against the company and its units will be stayed for six months from May 9.
In a late filing to Bursa Malaysia, Patimas said on 9 May 2013, the court has ordered that all winding up proceedings against Patimas and its subsidiaries Patimas Dot Com Sdn Bhd, Patimas HPD Systems Sdn Bhd and Patimas Outsourcing Services Sdn Bhd be restrained and stayed.
“The restraining order will allow Patimas to focus on formalizing the proposed schemes of arrangements unhindered without having to divert its attention and resources to defending and dealing with any proceeding from the group’s creditors,” said the PN17 company.
Patimas said the details of the proposed schemes of arrangement will be announced in due course.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Hot Stock KNM falls 3% on winding-up petition
» Is the penny stock party winding down like Harvest?
» Hubline unit is served with winding-up petition
» KNM unit files injunction to stop winding-up petition
» Patimas to be delisted this Friday
» Is the penny stock party winding down like Harvest?
» Hubline unit is served with winding-up petition
» KNM unit files injunction to stop winding-up petition
» Patimas to be delisted this Friday
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|