Last 0.04 MYR
Change Today +0.005 / 16.67%
Volume 103.9K
HEXG On Other Exchanges
Kuala Lumpur
As of 3:49 AM 04/18/14 All times are local (Market data is delayed by at least 15 minutes).

hexagon holdings bhd (HEXG) Snapshot

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09/13/13 - 0.09
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hexagon holdings bhd (HEXG) Details

Hexagon Holdings Berhad, an investment holding company, is engaged in trading and distribution business. It distributes and supplies engineering products, as well as provides technical support, testing and installation, and after sales services to national and multinational companies, and local engineering contractors and plant owners operating in oil and gas, petrochemical, chemical, semiconductor, water treatment, coal, chemical, and marine industries. The company also provides retail solutions, such as indoor and outdoor signage, interior shop fit-out and POP, LED, and environmental products; and inspection services. Hexagon Holdings Berhad was founded in 1984 and is headquartered in Kuala Lumpur, Malaysia.

Founded in 1984

hexagon holdings bhd (HEXG) Top Compensated Officers

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hexagon holdings bhd (HEXG) Key Developments

Hexagon Holdings Berhad Announces Material Litigation

Hexagon Holdings Berhad (Defendant) announced that the High Court Judge has allowed the Prima Uno Berhad and Malaysian Trustees Berhad's (Plaintiff) application for Summary Judgment on the following terms. The Defendant to pay to Malaysian Trustees Berhad (2nd Plaintiff) the sum of MYR 34,837,356.38, as at 25 October 2013, together with the interest of 10.38% per annum calculated from 26 October 2013 until the final settlement. Cost of MYR 5,000.00 to be paid by the Defendant to the 2nd Plaintiff. The Company is currently seeking legal advice as regards to the merit of filing an appeal against the decision of the High Court.

Hexagon Holdings Bhd Provides Update on Material Litigation

The Board of Directors of Hexagon Holdings Bhd announceD that the Court has fixed the Hearing on 15 April 2014 during the case management held on 19 February 2014. The Court of Appeal has directed the Defendant to file in the Written Submissions on 1 April 2014.

Hexagon Holdings Bhd Provides Update on Material Litigation

The Board of Directors of Hexagon Holdings Bhd announced that on 11 March 2014, an amended notice of originating motion dated 10 March 2014 had been served on the company by Messrs Shearn Delamore & Co. acting for BMMB and the Court has fixed this matter for Hearing on 19 March 2014. BMMB is demanding payment of a sum of MYR 2,652,920.84 due and owing as at 12 July 2013 together with continuing compensation charges and all other applicable continuing costs, charges and expenses under the Muamalat Restructuring (Tawarruq)-i Facility of MYR 1,950,000.00 granted to Advanced Metal Substrate Technology Sdn Bhd (“In Liquidation”) which was the subsidiary company of HHB prior to its liquidation. The Facility was secured by inter alia Guarantee duly executed by HHB. The reason leading to the Demand was due to AMST’s failure to settle the sums owing under the Facility. The amended notice of originating motion was filed by the Solicitor acting for the Applicant as whether the Applicant is entitled to the benefit of all dividends and other monies and payments due to 3rd Respondent from the distribution of the property and assets of AMST in the course of the Creditors' Voluntary Liquidation of AMST or such dividends and other monies and payments as is sufficient to settle the indebtedness of AMST to the Applicant.


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