News

Proposed Scheme Of Arrangement Between Prestariang Skin Sdn. Bhd. And Its Scheme Creditors Pursuant To Section 366 Of The Companies Act 2016

BackFeb 02, 2024

 

Type Announcement
Subject OTHERS
Description AWANBIRU TECHNOLOGY BERHAD ("AWANTEC" OR "THE COMPANY") - PROPOSED SCHEME OF ARRANGEMENT BETWEEN PRESTARIANG SKIN SDN. BHD. AND ITS SCHEME CREDITORS PURSUANT TO SECTION 366 OF THE COMPANIES ACT 2016
We refer to our announcements dated 22 December 2023 and 17 January 2024 in relation to the proposed scheme of arrangement between the Company’s subsidiary, Prestariang SKIN Sdn. Bhd. ("PSKIN") and its Scheme creditors.

The Company wishes to announce that the Notice of Application filed by PSKIN in the High Court of Malaysia (the "Court") on 16 January 2024 for an order sanctioning the scheme of arrangement (the "Scheme") between PSKIN and its Scheme creditors pursuant to Section 366 of the Companies Act 2016 has been set for a hearing on 6 March 2024.

The Company will make the relevant update announcement(s) in relation to the Scheme as and when there are material developments on the same.

This announcement is dated 2 February 2024.

Announcement Info

Company Name AWANBIRU TECHNOLOGY BERHAD
Stock Name AWANTEC
Date Announced 02 Feb 2024
Category General Announcement for PLC
Reference Number GA1-02022024-00055