The winding-up petition dated July 12 was served to BJD on July 28 and the winding-up petition was presented to the High Court of Malaya at Kuala Lumpur on July 12, Ho Hup said on Thursday, July 29.
The winding-up petition shall be heard at the High Court on September 23.
Hew had claimed against BJD a total of RM137,268.80, at an interest rate of 8% per annum on the said principal sum from 10 July 2008 until full and final settlement and costs.
Ho Hup said BJD did not pay the amount claimed as it was pursuing an amicable settlement with Hew, leading to the filing of the winding-up petition.
“The group is taking steps to reach an amicable settlement with the petitioner and requested the petitioner to withdraw the winding-up petition. In view thereof, the directors of the company do not envisage that the winding-up petition will have significant impact on the group, financially or operationally,” it said.
The group''s cost of investment in BJD is RM10.5 million.
TOP PICKS BY EDGEPROP
(CMCO Offer) 5R6B Villa Style Super Link, Puchong
Mont Kiara | New Condo Below Market Price
Mont Kiara, Kuala Lumpur
Invest Dual Key Unit GRR 9 years RM280k
Single Storey Terrace House,Taman Selaseh Bt.Caves
Batu Caves , Selangor
Kota Damansara | Freehold Condo Walk To UNIVERISTY
Kota Damansara, Selangor
Cyberjaya DUAL KEY CONDO FREE FURNISHED+RENOVATED
Suria Residence Breezy Modern Condo facing Pool
Bukit Jelutong, Selangor
Cyberjaya | Cash Back Up To 35K New Condo
Sunway @ New Dual Key Condo Walk To University
Bandar Sunway, Selangor
Petaling Jaya | New Invest Condo Beside University
Petaling Jaya, Selangor
2.5 Storey Bungalow House Kg Kubu Gajah
Sungai Buloh, Selangor