MMP Resources to fight winding up application
Mainboard-listed construction firm MMP Resources said on
Friday (Oct 07) that Edward Lee Ewe Ming has filed an application with the
Singapore High Court to wind up the company for non-payment of S$5.22 million.
Comments
ANN WILLIAMS
07 October 2016
Mainboard-listed construction firm MMP Resources said on Friday (Oct 07) that Edward Lee Ewe Ming has filed an application with the Singapore High Court to wind up the company for non-payment of S$5.22 million.
The Court will hear the application on Oct 28.
MMP Resources said it is disputing the claims made by Mr Lee in the application and will be vigorously opposing the application.
It has also engaged a consultant to undertake a comprehensive forensic audit with a focus on events in 2014 and early 2015, and may use the results of the audit to oppose the application.
The company will be reviewing the financial impact of the application and related matters in its interim results statement for the third quarter ended Sept 30.