KUALA LUMPUR: TRANSMILE GROUP BHD [] share price fell 2.5 sen to 37.5 sen at 9.45am on Monday, June 7 after the company had announced on June 4 that its unit Transmile Air Services Sdn Bhd was served with a winding-up petition after defaulting on the payment of its debt notes.
The stock was also the most active counter with 255,000 shares traded.
Transmile last week said the petition was presented to the Kuala Lumpur High Court on May 19 and the petition was served and received on Friday.
The matter is fixed for hearing on July 29.
Transmile Air had issued commercial papers/medium term notes with an aggregate face value of RM105 million. It had defaulted in the payment of the notes due on Aug 29, 2008.
The stock was also the most active counter with 255,000 shares traded.
Transmile last week said the petition was presented to the Kuala Lumpur High Court on May 19 and the petition was served and received on Friday.
The matter is fixed for hearing on July 29.
Transmile Air had issued commercial papers/medium term notes with an aggregate face value of RM105 million. It had defaulted in the payment of the notes due on Aug 29, 2008.
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