REPLY TO BURSA MALAYSIA SECURITIES BERHAD'S QUERY LETTER DATED 15 JANUARY 2026
| PESTEC INTERNATIONAL BERHAD |
| Type | Reply to Query | ||||||||||
| Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-15012026-00001 | ||||||||||
| Subject | REPLY TO BURSA MALAYSIA SECURITIES BERHAD'S QUERY LETTER DATED 15 JANUARY 2026 | ||||||||||
| Description | PESTEC INTERNATIONAL BERHAD (FORMERLY KNOWN AS PESTECH INTERNATIONAL BERHAD") ("PESTEC" OR "THE COMPANY") - WINDING-UP PETITION IN THE HIGH COURT OF MALAYA AT KUALA LUMPUR, PETITION NO. WA-28NCC-1326-12/2025 BY PESTECH ENGINEERING TECHNOLOGY (CHINA) CO. LTD. SERVED ON PESTECH SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY |
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| Query Letter Contents | We refer to your Company’s announcement dated 14 January 2026 in respect of the aforesaid matter (“Announcement”). In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully Listing Group Regulation Cc : Market Surveillance Dept., Securities Commission |
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The Board of Directors of Pestec wishes to announce that the Company has received a request dated 15 January 2026 from Bursa Malaysia Securities Berhad for additional information in relation to the Company’s announcement made on 14 January 2026. The additional information is as follows:
1. The interest rate claimed by the petitioner under the winding-up petition is 5% per annum.
2. Pestech Engineering Technology (China) Co. Ltd. issued a Statutory Notice of Demand pursuant to Sections 465 and 466 of the Companies Act 2016 dated 19 November 2025, which was acknowledged by the Company on 20 November 2025. The notice alleges an outstanding sum and provides a period of twenty-one (21) days for payment.
The Company wishes to emphasise that the Petition and the alleged indebtedness are disputed. Based on the Company’s current assessment, the Company does not expect any material adverse impact on the financial position or operations of the Company or the Group arising from the Petition.
3. Pestech Sdn Bhd is a major subsidiary of the Company as defined under the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
4. The total investment cost of the Company in Pestech Sdn Bhd as at 31 March 2025 is RM65.48 million.
5. The potential liability to the Group is limited to the amount claimed by the petitioner.
The Company will continue to comply with the disclosure requirements under the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
This announcement is dated 16 January 2026.
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Announcement Info
| Company Name | PESTEC INTERNATIONAL BERHAD |
| Stock Name | PESTEC |
| Date Announced | 16 Jan 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16012026-00046 |