Kia Lim Berhad about us clay bricks clay pavers econ blocks projects help contact us


     
about us

kia lim berhad

Details of Announcement



Untitled Document
General Announcement
Reference No CC-110826-61516

Company Name
:
KIA LIM BERHAD  
Stock Name
:
KIALIM  
Date Announced
:
26/08/2011  


Type
:
Announcement
Subject
:
OTHERS

Description
:
Outstanding Related Party Receivables


Announcement Details/Table Section :


In view of the outstanding related party receivables, the Board of Directors of Kia Lim Berhad is pleased to announce that the amount has improved after taking the following actions:-

(a) Send out reminder letter
(b) Send out notice of demand, should the above action (a) fails
(c) Negotiate for settlement as the last resort

Some of the outstanding related party receivables had been settled whilst some of them are paid through a maximum of 8 years’ installment scheme.

The Board of Directors will continue with its effort to recover the outstanding related party receivables.

The breakdown of the outstanding related party receivables is enclosed herewith.

Attachments
:
Kia Lim Bhd- Outstanding RPRT 06-11(R)-1.xls

Announcement Details/Table Section :

Back ]