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ACE Holdings Bhd applied with the High Court’s (Commercial division) to be placed under judicial management last month, under Section 405 of the Companies Act. Court papers sighted by The Edge following a file search revealed that the application was filed by Messrs Vinu and Lopex on March 13, and a second case management was fixed for Friday (April 14) after Koperasi Permodalan Felda Malaysia 2 Bhd applied to intervene.