Wednesday, February 21, 2018

EDEN ......TO BE WOUND-UP? 伊甸园变荷兰园。。。。。报复意味乎?

Eden: Slapped with winding-up petition. Eden Inc has been slapped with a winding-up petition by the government of Malaysia for allegedly owing the IRB of Malaysia about RM3.2m. The petition was presented to the High Court of Malaya on Feb 6, 2018 and was served to the company on the Feb 13, 2018. Consequently, Eden is to be wound-up by the court pursuant to Section 466(1)(e) of the Companies Act 2016, and that the cost of the petition will be paid out from the assets of the company. The income tax debt stated under the petition was mainly resulted from the advance rental income for the period of 10 years between 2013 and 2023 amounting to RM9.8m received and recognised by Eden as a deferred income in FY13. (The Edge)

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