KOTA KINABALU: Sabah Forest Industries has been ordered to wind up by a High Court here after it failed to settle debts of about RM2.6mil.
Justice Leonard Shim ordered wind-up yesterday under Section 465(1) (e) of the Companies Act, over RM2,699,244.24 indebted to petitioner Lee Khoon Hoo & Anor and supporting creditor Sabah Development Bank.
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