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Talam temporarily suspended |
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Written by The Star - Business - News
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Friday, 01 September 2006 |
PETALING JAYA: Property developer Talam Corp Bhd is suspended from trading on Bursa Malaysia from Friday "until further notice" due to a winding-up petition served on a wholly-owned subsidiary, Lestari Puchong Sdn Bhd.
Talam said it would file an appeal to the Court of Appeal against the winding-up order by the High Court, and also an application for stay of the Official Receiver in exercising his powers as a liquidator.
"The company wishes to inform that the winding-up order does not have
any material financial impact on the group, and the company does not
suffer any further losses except for legal costs for both parties," it
said.
In a separate announcement, Talam said on Aug 30 that it submitted on
that day its outstanding annual audited accounts for the financial year
ended Jan 31, 2006. That was the deadline for submission of the delayed
accounts that was originally due on May 31, or it faced suspension on
Bursa. The annual accounts have not, however, been posted on Bursa's
website.
Read the complete article about the expected suspension here.
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