Core Viewpoint - CR Sea (Malaysia) Sdn. Bhd. is facing a winding-up petition due to unpaid debts to subcontractors, but has since reached a settlement and is seeking to terminate the winding-up order [1][2]. Group 1: Financial Obligations and Settlements - CR Sea owes a total of 913,700 MYR to subcontractors for aluminum formwork supplies, which has been partially settled through a four-installment agreement totaling 850,000 MYR [1]. - The final settlement agreement signed on November 7, 2025, requires CR Sea to pay 551,600 MYR, which has been fully settled on the same day [2]. Group 2: Legal Proceedings and Court Actions - A winding-up order was issued by the High Court of Malaya on October 14, 2025, in the absence of CR Sea's legal representation [1]. - CR Sea has applied to terminate or suspend the winding-up order, with a hearing scheduled for December 17, 2025, where the judge expressed doubts about their suitability to hear the application [2][3]. Group 3: Corporate Governance and Internal Communication - The project manager of CR Sea received the winding-up petition on May 30, 2025, but failed to recognize its urgency, delaying communication to the board until mid-June [3]. - The board was unaware of the petition until early December 2025, prompting immediate action to gather evidence and prepare a public announcement regarding the winding-up order [3].
华营建筑(01582)：CR Sea将竭尽全力于2026年1月7日举行的聆讯中争取终止的裁决