PETALING JAYA: Maxbiz Corp Bhd has triggered the Practice Note 17 criteria 2.1(f) as the solvency declaration submitted to Bursa Securities on April 5 is no longer valid and in light of recent developments.
The company said in a statement to the exchange that the developments included winding-up petitions served on its wholly-owned subsidiary MKK Industries Sdn Bhd and a winding-up order being served against MKK.
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