Published: Monday July 9, 2012 MYT 1:38:00 PM
Tourism Malaysia to file for stay on Pempena liquidation order
By JOSEPH SIPALAN
PUTRAJAYA: Tourism Malaysia will file for a stay of execution on the recent court order to liquidate its troubled business arm, Pembangunan Pelancongan Nasional Sdn Bhd (Pempena).
Tourism Malaysia chairman Datuk Dr Victor Wee said they expected to file their application by the end of this week, while working on an amicable solution to Pempena's RM12.4 mil debt to a private company in the purchase of 120 cars.
"We had a meeting in the Tourism Board, we found out about the sequence of things and decided to pursue a stay of execution and appoint a new solicitor to represent us," he said at a press conference at the Tourism Ministry office here Monday.
It was reported that the High Court had last month ordered Pempena to be wound up after it failed to pay Kah Bintang Auto Sdn Bhd RM12.4 mil for the purchase of 120 units of Hyundai Sonata to run its taxi service.
Court papers cited by The Sun showed that Kah Bintang had filed a petition in the High Court seeking liquidation of Pempena if it could not cough up the monies owed.
The petition was heard on June 13 and Pempena was unrepresented, leading the court to set 14 days for the company to pay up or be wound up.