Notice of Appointment of Special Administrators over the following subsidiaries:-
1. Bee Hin Holdings Sdn Bhd
2. Emville Sdn Bhd
3. Kuala Lumpur Industries Bhd
4. Sistem Irama Sdn Bhd
KUALA LUMPUR INDUSTRIES HOLDINGS BERHAD |
Contents :
We refer to the query from the Exchange dated 31st October 2000.
It should be noted that Mok Yuen Lok and Onn Kien Hoe were appointed as Special Administrators for Bee Hin Sdn Bhd, Emville Sdn Bhd, Kuala Lumpur Industries Berhad and Sistem Irama Sdn Bhd ("the Companies") as a consequence of their earlier appointment as Special Administrators pursuant to Section23 of Pengurusan Danaharta Nasional Berhad Act, 1998 to Kuala Lumpur Industries Holdings Berhad ("KLIH").
After detailed review and evaluation, it was established that the assets of the Companies should be preserved and protected for the purposes of preparing a composite workout proposal for KLIH. The appointment of Special Administrators to the Companies will assist the Special Administrators to facilitate a more meaningful debt and corporate restructuring scheme that will benefit the creditors and shareholders of KLIH and the Companies.
We will make an official announcement to the Exchange upon finalisation of the workout schemes.
Query Letter Contents :
We refer to your announcement dated 27 October 2000.
In this connection, kindly furnish the Exchange with the following additional
information for public release:-
1. Events leading to the appointment of SAs.
Please furnish the Exchange with your reply within two (2) market days from the
date hereof.
Yours faithfully
INDERJIT SINGH
Senior Manager
Listing Operations
IS/CMJ
Announcement Info
Company Name | KUALA LUMPUR INDUSTRIES HOLDINGS BERHAD |
Stock Name | KLIH
|
Date Announced | 2 Nov 2000 |
Category | General Announcement |
Reference No | KL-001102-42341 |