Share
KUALA LUMPUR (Dec 13): Glomac Bhd's wholly-owned unit Glomac Regal Sdn Bhd (GRSB) received a winding-up order for the alleged neglect of a RM3.49 million payment to a contractor.
Property developer Glomac told Bursa Malaysia that contractor Bina Goodyear Bhd filed the winding-up petition at the High Court of Malaya here on Nov 25 this year. Bina Goodyear is the contractor for Glomac's high-rise residential project along Lorong Stonor here.
Glomac said: "GRSB has been seen as neglecting the payment of the said sum. On the contrary, GRSB is actively pursuing the petitioner for a negotiable amount of settlement which has not been reached."
"GRSB is currently negotiating with the petitioner for a negotiable amount of settlement and concurrently, GRSB will file for a permanent stay to set aside the winding up order," Glomac added. — theedgemarkets.com
TOP PICKS BY EDGEPROP
Bandar Mahkota Banting (Brooklands)
Banting, Selangor
Bandar Mahkota Banting (Brooklands)
Banting, Selangor
Sabah Beach Villas and Suites
Kota Kinabalu, Sabah
Sungai Kapar Indah Industrial Zone
Kapar, Selangor
