Euro Holdings Berhad ("EURO" or the "Company") Notice Pursuant to Section 466 of the Companies Act, 2016 : Tack Yap Construction (M) Sdn Bhd ("Tack Yap") v Euroland & Development Sdn Bhd ("Euroland")
The Board of Directors of EURO wishes to announce that its subsidiary, Euroland on 12 September 2018, received a notice pursuant to Section 466 of the Companies Act, 2016 ("Notice") from Tack Yap filed through its solicitors, Messrs Elaine Yap Law Office to demand the sum of RM5,312,399.83, being the amount due and owing to Tack Yap as at the date of the Notice pursuant to Court Order dated 18 July 2018.
The estimated potential liability is up to the amount claimed against Euroland of RM5,312,399.83.
There is no significant financial and operational impact, other than the amounts owing as indicated above.
The Company is seeking legal advice on the above-mentioned matter.
This announcement is dated 14 September 2018.
|Company Name||EURO HOLDINGS BERHAD|
|Date Announced||14 Sep 2018|
|Category||General Announcement for PLC|