Suong seeks RM15.53m payment from Seacera Group

Seacera Group Bhd, which has become a Practice Note 17 company, saw 22.91 million of its shares crossed in an off-market deal on Monday.

KUALA LUMPUR: Suong Sdn Bhd is seeking RM15.53mil payment from tile maker Seacera Group Bhd for breaching the tenancy agreements involving its factories in Selayang, Selangor.

Seacera said in a statement to Bursa Malaysia on Thursday it was served with a winding up statutory notice issued by Messrs A.S. Gill, Thong & Agnes, which were acting on Suong's behalf.

The amount comprised the outstanding rental, goods and services tax and agreed liquidated damages pursuant to the breaches of the tenancy agreement dated Aug 4, 2016.

Seacera said it the sum was not settled within 21 days, proceedings for winding up may be commenced against the company.

Suong is one of the settlement creditors as announced on Jan 16, 2016. The debt settlement agreement lapsed on May 6 this year.

“Except for the alleged claim on the liquidated ascertained damages, the rental amount has been fully provided for in the financial statements.

“The company is seeking the necessary legal advice to resolve and/or defend against the above matter,” Seacera said.