WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR SONA PETROLEUM BERHAD (SONA PETROLEUM OR COMPANY) - UPDATE ON THE WINDING-UP OF SONA PETROLEUM UNDER SECTION 218(1)(h) OF THE COMPANIES ACT, 1965
| SONA PETROLEUM BERHAD |
| Type | Announcement |
| Subject | WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR |
| Description | SONA PETROLEUM BERHAD (SONA PETROLEUM OR COMPANY) - UPDATE ON THE WINDING-UP OF SONA PETROLEUM UNDER SECTION 218(1)(h) OF THE COMPANIES ACT, 1965 |
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We refer to the announcements dated 19 September 2016, 26 September 2016, 4 October 2016 and 11 October 2016 on the winding up of the Company.
The Liquidators wish to inform shareholders that pursuant to the order of the High Court of Malaya at Kuala Lumpur (Commercial Division) (“High Court”) granted on 10 October 2016, the Liquidators will be making an interim distribution of 97% of the monies held in cash trust account, to eligible shareholders (“Interim Distribution”).
Details of the Interim Distribution are as follows:
(a) Date of Interim Distribution: 31 October 2016;
(b) Eligible shareholders: Based on the record of depositors at Bursa Malaysia Depository Sdn Bhd as at the entitlement date of 29 September 2016 as confirmed by the High Court on 10 October 2016; and
(c) Amount to be distributed: Cash equivalent of RM0.47988 for every one (1) ordinary share of RM0.01 each held in the Company.
Please contact Ms Aw Geok Lan/Ms Soo Lynnie/Ms Goh Oi Kum at the Liquidators’ office at telephone no. +603-2173 1188, should any clarification be required.
This announcement is dated 21 October 2016. |
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Announcement Info
| Company Name | SONA PETROLEUM BERHAD |
| Stock Name | SONA |
| Date Announced | 21 Oct 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21102016-00072 |