WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR BINA PURI HOLDINGS BHD ("BPHB" OR "THE COMPANY") - UPDATES ON WINDING-UP PETITION SERVED ON BINA PURI PROPERTIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY (ADZIZAH & 48 ORS)
| BINA PURI HOLDINGS BHD |
| Type | Announcement |
| Subject | WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR |
| Description | BINA PURI HOLDINGS BHD ("BPHB" OR "THE COMPANY")
- UPDATES ON WINDING-UP PETITION SERVED ON BINA PURI PROPERTIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY (ADZIZAH & 48 ORS) |
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Reference is made to the Company’s announcements dated 30 May 2025 and 13 October 2025 in relation to the Winding-Up Petition dated 24 March 2025 filed by Adzizah @ Suzianah Binti Akul and 48 other Petitioners (“Petition”) against Bina Puri Properties Sdn. Bhd. (“BPPSB”), a wholly-owned subsidiary of the Company. Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the previous announcement.
The Company wishes to further announce that:
1) BPPSB has yet to receive any notice outlining the function and powers of the Official Receiver. BPHB will make relevant announcement where necessary on future developments.
2) BPPSB and the Company (on a consolidated basis) recorded loss before tax, respectively, in the latest audited financial statements for the financial year ended 30 June 2024 (“FYE 2024”). BPPSB’s assets represent approximately 14.1% of the total assets employed on a consolidated basis for the FYE2024. Therefore, BPPSB is not a major subsidiary of BPHB as defined under Paragraph 1.01 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
3) Based on the latest audited financial statements for the financial year ended 30 June 2024, the total cost of investment in BPPSB was RM12,000,000 and the net book value of BPPSB was zero as full impairment has been provided.
4) The financial and operational impact of the winding-up order obtained against BPPSB (“Winding-up Order”) will not have material financial or operational impact to BPHB and its subsidiaries (“Group”), and is not expected to have any material losses to the Group.
5) Following the Winding-up Order granted by the High Court on 13 October 2025, the Official Receiver was appointed as the liquidator of BPPSB with effect from the same date. Consequently, with effect from 13 October 2025, the powers of the directors of BPPSB have ceased, and all control over BPPSB’s assets and affairs vested in the Official Receiver.
6) BPHB will cooperate fully with the Official Receiver in the winding-up process and provide any necessary documentation or information as may be required. BPHB will also monitor the progress of the liquidation and make further announcement as and when there are material developments.
This announcement is dated 15 October 2025. |
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Announcement Info
| Company Name | BINA PURI HOLDINGS BHD |
| Stock Name | BPURI |
| Date Announced | 15 Oct 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15102025-00006 |