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2015-05-19 13:17 | Report Abuse
Extension of Restraining Order under Section 176(10A) of the Companies Act, 1965
in relation to Hub Shipping Sdn. Bhd., a wholly-owned subsidiary of HUBLINE BERHAD
Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the Company's announcements dated 18 February 2015 and 23 February 2015 in respect of the grant of the Restraining Order.
The Board of Directors of Hubline Berhad ("the Company" / "the Group") wishes to announce that the High Court of Sabah and Sarawak at Kuching had, on 15 May 2015, granted Hub Shipping Sdn. Bhd., a wholly-owned subsidiary of the Company, an extension of the Restraining Order under Section 176(10A) of the Companies Act, 1965 for a further period of 90 days and upon the conditions stated therein.
The Company is continuing to make good progress in its restructuring program since the announcement on 18 February 2015 that the Group will exit the container shipping industry. As a requisite to the success of planning and implementing the restructuring program, the extension of the Restraining Order for Hub Shipping Sdn. Bhd. is required to enable the Company to maintain focus on the winding down of the container shipping operations of the Group, ensuring that creditors of the Company related to the container division are dealt with efficiently, as well as to prevent potential litigations or proceedings which may adversely affect the restructuring currently undertaken by the Group.
The Restraining Order is not expected to have any material impact on the financial and operational matters of HUBLINE Group.
This announcement is dated 15 May 2015.
2015-03-18 15:57 | Report Abuse
will loss a lot.....how to cut loss :( :( :(
2015-03-18 11:29 | Report Abuse
loss so much redi, cannot run :(
2015-03-13 23:18 | Report Abuse
Awang87.... waaa happy to see its up :-)
2015-03-13 11:17 | Report Abuse
Awang87....give me 5.....i did the same thing!!!!
2015-03-11 11:41 | Report Abuse
kita tunggu je yea :( what else can do.......
2015-03-11 08:31 | Report Abuse
Me too stuck at 0.13 . .. how long need to wait for recover?
2015-03-06 17:46 | Report Abuse
will keep for long-term no choice, dont want to cut loss so much :(
2015-03-05 15:49 | Report Abuse
almost dying, if drop somemore ...not dare to cut loss
2015-03-05 15:04 | Report Abuse
y they release so good report but the share drops like hell
2015-03-05 14:49 | Report Abuse
going to drop some more ........aiyooooooooooo
2015-03-05 12:08 | Report Abuse
cheh...invest based financial report also still loss.....cant take it!!!!!!!!!!
Stock: [IFCAMSC]: IFCA MSC BHD
2015-05-25 16:15 | Report Abuse
hoping for rebound soon..........