We refer to the announcements regarding the status of default in payment to MBSB Bank Berhad, made by the Company on the following dates:-
2026
1. 30/04/2026
2. 31/03/2026
3. 30/01/2026
2025
31/12/2025
04/12/2025
28/11/2025
29/08/2025
31/07/2025
25/06/2025
29/05/2025
29/04/2025
26/03/2025
28/02/2025
24/01/2025
2024
24/12/2024
28/11/2024
30/10/2024
30/09/2024
28/08/2024
30/07/2024
28/06/2024
31/05/2024
30/05/2024
30/04/2024
29/03/2024
28/02/2024
26/01/2024
2023
15/12/2023
24/11/2023
23/10/2023
22/09/2023
22/08/2023
16/08/2023
14/08/2023
In relation to the default in payment to MBSB Bank Berhad ("MBSB") by Mines Waterfront Business Park Sdn. Bhd. ("MWBP") (in liquidation), an indirect wholly-owned subsidiary of the Company ("Announcement"). Unless otherwise defined, the definitions set out in the announcement shall apply herein.
The Board of Directors of the Company wishes to inform that status remains unchanged on the default in payment of principal and interests accrued at the date of this announcement.
Certain monthly announcements were not made within the prescribed timeframe due to timing in the preparation and finalisation of the relevant disclosures. The Company has since strengthened its internal monitoring and compliance procedures to ensure timely disclosures moving forward.
There were no material developments in relation to the litigation during the months of February 2026, September 2025 and October 2025.
The Company will make further announcements to Bursa Malaysia Securities Berhad as and when there are material developments, in accordance with Paragraphs 9.03 and 9.04 of the MMLR.
This announcement is dated 22 May 2026.