KUALA LUMPUR: Australia-listed Mission NewEnergy Ltd's subsidiary has served a winding-up petition on KNM Group Bhd
's unit, claiming the latter failed to pay A$3.80mil (RM12.2mil).
Misson NewEnergy said in a statement to the Australian Stock Exchange on Monday its subsidiary Mission Biofuels Sdn Bhd had served the petition to wind up KNM Process System Sdn Bhd over the sum plus interest.
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