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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. ....
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. ....
AirAsia X Berhad v BOC Aviation Limited (Originating Summons WA-24NCC-467-10/2020). Summary On 19 February 2021 Judicial Commissioner Ong Chee Kwan allowed AirAsia X (AAX) Berhad s application under Section 366 of the Companies Act 2016 for leave to convene creditors meetings to consider and approve an arrangement scheme. However, the judge disagreed with AAX s division of the scheme creditors into two classes: Class A – secured creditors; and Class B – unsecured creditors. The judge agreed with the submissions from the counsel for Malaysia Airports and the counsel for the lessors and held that: the lessors of lease agreements with AAX must be treated as unsecured creditors and placed in Class B; and ....
AAX, Careplus, PetDag, Malakaoff, Malaysia Smelting, Luxchem, Genetec, AwanBiru, SMTrack, Pimpinan Ehsan and MyEG theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (Dec 30): AirAsia X Bhd (AAX) and AAX Leasing Two Ltd has applied to set aside the foreign judgement obtained by BOC Aviation Ltd in the High Court of Justice, Business and Property Courts of England and Wales in November, which is enforced in the Malaysian courts here on Dec 7. The matter came up for case management before High Court deputy registrar Norazlin Othman today. She gave several directions for parties to file affidavits and fixed April 12 for the probable hearing of AAX and the other company s application. BOC Aviation, which is represented by counsel Kwan Will Sen of Messrs Lim Chee Wee Partnership, is objecting to AAX s application to set aside the enforced judgement on the grounds that there is no restraining order obtained by the airline, as it sought a scheme hearing at another High Court. ....