Property developer had stood as guarantor for its subsidiary’s hire purchase facility.
MBSB Bank has filed winding-up petitions against Sentoria Group and its unit over a RM303,268 judgement debt.
The judgement debt stemmed from the Kuala Lumpur sessions court’s decision on the settlement of an outstanding hire purchase-i facility, known as the AITAB facility. Sentoria had issued a corporate guarantee for the AITAB facility, according to its filing with Bursa Malaysia today.The winding-up petitions have been scheduled for case management on Sept 19 and Nov 9 in the Shah Alam High Court via e-review.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Right OPR balance needed for property market, says HBABNM must strike a balance to ensure Malaysians and house buyers are not unduly affected by high interest rates.
Read more »
Bina Puri to bid for more projects and increase land bankThe group’s construction division is looking at new opportunities in East Malaysia.
Read more »
Bank Negara Malaysia keeps the Overnight Policy Rate at 3pcKuala Lumpur: Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) decided to maintain the Overnight Policy Rate (OPR) at 3.00 per cent during its last meeting of the year.
Read more »
Norway's central bank signals December hikeOSLO: Norway&039;s central bank left its key interest rate unchanged and signalled that the rate would most likely be raised in December, adding that poli...
Read more »
Bank of England keeps rates at 15-year high, rules out quick cutsLONDON: The Bank of England (BoE) held interest rates at a 15-year peak on Thursday (Nov 2) and ruled out cuts any time soon as it fights to “squeeze ...
Read more »
Analysts: Bank Negara seen maintaining OPR at 3pc in 2024KUALA LUMPUR, Nov 2 — Analysts expect Bank Negara Malaysia (BNM) to continue to maintain the overnight policy rate (OPR) at 3.0 per cent in 2024, given that the OPR is already at...
Read more »