Court of Appeal rejects MOF-controlled THHE’s bid to block creditors’ move for compulsory winding up; High Court hearing starts tomorrow

PUTRAJAYA (May 8): The Court of Appeal has rejected Ministry of Finance (MOF)-controlled TH Heavy Engineering Bhd’s (THHE) bid to stop creditors from turning its voluntary winding up into a compulsory one, clearing the way for High Court proceedings on Friday. The MOF owns 64.45% of THHE through Urusharta Jamaah Sdn Bhd (UJSB). The company was…

Court of Appeal rejects MOF-controlled THHE’s bid to block creditors’ move for compulsory winding up; High Court hearing starts tomorrow

PUTRAJAYA (May 8): The Court of Appeal has rejected Ministry of Finance (MOF)-controlled TH Heavy Engineering Bhd’s (THHE) bid to stop creditors from turning its voluntary winding up into a compulsory one, clearing the way for High Court proceedings on Friday. The MOF owns 64.45% of THHE through Urusharta Jamaah Sdn Bhd (UJSB). The company was…