KOTA KINABALU: Sabah Forest Industries has been ordered to wind up by a High Court here after it failed to settle debts of about RM2.6mil.
Justice Leonard Shim ordered wind-up yesterday under Section 465(1) (e) of the Companies Act, over RM2,699,244.24 indebted to petitioner Lee Khoon Hoo & Anor and supporting creditor Sabah Development Bank.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!