KOTA KINABALU: Sabah Forest Industries has been ordered to wind up by a High Court here after it failed to settle debts of about RM2. 6mil. Justice Leonard Shim ordered wind-up yesterday under Section 465( 1)( e) of the Companies Act, over RM2, 699, 244.24 indebted to petitioner Lee Khoon Hoo Anor and supporting creditor Sabah Development Bank.He also ordered that the official receiver be appointed the liquidator of the company and the cost of RM5, 000 be paid out of the company’s assets. SFI, w
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2021-11-16 00:00:00.0