The Court of Appeal dismissed the appeal with a cost of RM10,000, said Malaysia Pacific Corp, a Practice Note 17 (PN17) company. RHB Bank served Malaysia Pacific Corp a writ of summons and statement of claims on Nov 30, 2015 for outstanding loans amounting to RM112.21 million. Malaysia Pacific Corp's net loss in the financial year ended June 30, 2016 (FY16) widened substantially year-on-year to RM85.9 million. The company's deadline to submit its regularisation plan to Bursa Malaysia has been extended to Dec 29, 2016. Malaysia Pacific Corp shares were not traded today.

Source: The Edge Markets October 05, 2016 14:48 UTC