Timber firm ordered to shut


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.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Nation

Johor's proposed 4.5-day work week may be discussed at upcoming M'sia-S'pore retreat, says Fahmi
Local hiphop superstar Yogi B and rising songstress Arulini to join music prodigy GV Prakash on stage in Bukit Jalil on Dec 7
Combating online fraud a community initiative in Sabah
Govt serious about reform, more Bills to be tabled soon, says Fahmi
M. Nasir to receive honorary doctorate at UPSI convocation
NSE expansion in Johor won't affect holiday traffic in first half of 2025, says Ahmad Maslan
Nurul Izzah invited on overseas trip in her capacity as think tank chairman, says Fahmi
ICC's arrest warrants for Netanyahu, Gallant appropriate, says Anwar
King celebrates 66th birthday with family in Johor
Govt saved RM900,000 by using chartered jet for PM's overseas trips, says Fahmi

Others Also Read