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AirAsia X gets court sanction for debt-restructuring plan

AirAsia X Bhd (AAX)’s plan to restructure its debts totalling RM33.65 billion is set to be implemented after receiving court sanction. The sanction was granted by Judicial Commissioner Ong Chee Kwan in the High Court on Thursday (Dec 16) after hearing submissions on the matter on Tuesday.

Kuala lumpurAirasiax bhdChee kwanHigh court on thursday decRegistrar of companies malaysiaJudicial commissioner ong chee kwanHigh courtCompanies actBursa malaysia

MSM, FGV, AAX, Tri-Mode Systems, Nestcon, Destini, Pasukhas, CMSB, Key Alliance and Macpie

Based on corporate announcements and news flow today, companies in focus on Friday (Sept 17) may include: MSM Malaysia Holdings Bhd, FGV Holdings Bhd, AirAsia X Bhd, Tri-Mode Systems (M) Bhd, Nestcon Bhd, Destini Bhd, Pasukhas Group Bhd, Cahya Mata Sarawak Bhd (CMSB), Key Alliance Group Bhd and Macpie Bhd.

Kuala lumpurMacpie bhdIan yoong kahChee kwanPasukhas sdn bhdPerlis sdn bhdSdn bhdDestini bhdDatuk rozabil abdul rahmanAirasiax bhdNestcon bhdDatin sam choi laiChan sengKey alliance group bhdHatten land ltdPasukhas group bhd

High Court orders Jakel Group s Mohamad Nizam to pay RM1 5m over forced contracts agreement | Malaysia

High Court orders Jakel Group s Mohamad Nizam to pay RM1 5m over forced contracts agreement | Malaysia
malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.

Kuala lumpurAminul islam abdulMohd zaki jaafarTommy thomasChee kwanBestinet sdn bhdMohamad nizamSdn bhdV jeya kumarNorhana sharkhanJonas lee fook khongSynerflux sdn bhdJakel group datuk mohamad nizamJr joint resources holdings sdn bhdHome ministryHigh court

High Court: Shareholders forced into agreements with proxy of political leader

High Court: Shareholders forced into agreements with proxy of political leader
malaysiakini.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaysiakini.com Daily Mail and Mail on Sunday newspapers.

Kuala lumpurNorhana sharkhanChee kwanHigh courtOng chee kwan

High court grants AirAsia X restraining order

The order was granted by Judicial Commissioner Ong Chee Kwan following proceedings which were done online. The order was granted on all intervenors (creditors) and any other actions as well, AAX lawyer Gopal Sreenevasan told theedgemarkets.com. Gopal appears together with counsel S Suhendran. On Feb 19, Ong also granted leave (permission) for the long-haul low-cost airline to meet with its creditors. AAX’s list of interveners or creditors comprises BOC Aviation Ltd, Malaysia Airports (Sepang) Sdn Bhd, Macquarie Aircraft Leasing Services (Ireland) Ltd, Sky High Leasing Co Ltd, International Lease Finance Corp KDAC Aircraft Holding 4 Ltd, Jerdons Baza Leasing 1048 Designated Activity Co, Jerdons Baza Leasing 1066 Designated Activity Co, Jerdons Baza Leasing 1075 Designated Activity Co, Lavender Leasing One Ltd, Lavender Leasing Two Ltd, BNP Paribas Singapore, Awas 1533 Ltd, Awas 1549 Ltd and Airbus S.A.S.

Kuala lumpurGopal sreenevasanAirasiax bhdChee kwanHigh courtJudicial commissioner ong chee kwanகுவாலா லம்பூர்சீ க்வ்யாந்உயர் நீதிமன்றம்நீதித்துறை ஆணையர் ஓங் சீ க்வ்யாந்