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Besra Gold Announces Quantum Metal Sdn Bhd Wind-Up Petition To Be Withdrawn

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Besra Gold Inc. (ASX: BEZ) has announced a significant development regarding the winding-up petition against Quantum Metal Sdn Bhd (QM Malaysia). Following their previous announcement from November 11, 2024, the company has confirmed receiving a letter from the Inland Revenue Department stating their agreement to withdraw the petition that was initially presented by the Government of Malaysia to the High Court of Malaysia.

Besra Gold Inc. (ASX: BEZ) ha annunciato un importante sviluppo riguardo alla petizione di liquidazione contro Quantum Metal Sdn Bhd (QM Malaysia). A seguito del loro precedente annuncio del 11 novembre 2024, la società ha confermato di aver ricevuto una lettera dal Dipartimento delle Entrate locali che afferma il loro accordo per ritirare la petizione inizialmente presentata dal governo della Malesia alla Corte Alta della Malesia.

Besra Gold Inc. (ASX: BEZ) ha anunciado un desarrollo significativo con respecto a la solicitud de liquidación contra Quantum Metal Sdn Bhd (QM Malaysia). Tras su anuncio anterior del 11 de noviembre de 2024, la empresa ha confirmado haber recibido una carta del Departamento de Ingresos Internos indicando su acuerdo para retirar la solicitud que fue presentada inicialmente por el Gobierno de Malasia ante el Tribunal Superior de Malasia.

Besra Gold Inc. (ASX: BEZ)Quantum Metal Sdn Bhd (QM Malaysia)에 대한 청산 청원과 관련하여 중요한 개발 소식을 전했습니다. 2024년 11월 11일에 발표한 메시지 이후, 회사는 말레이시아 정부가 말레이시아 고등법원에 최초로 제출한 청원을 철회하겠다는 내용의 내무부 편지를 받았다고 확인했습니다.

Besra Gold Inc. (ASX: BEZ) a annoncé un développement significatif concernant la demande de liquidation contre Quantum Metal Sdn Bhd (QM Malaysia). Suite à leur annonce précédente du 11 novembre 2024, la société a confirmé avoir reçu une lettre du Département des Recettes de l'Intérieur indiquant leur accord pour retirer la demande qui avait été initialement présentée par le gouvernement de Malaisie auprès de la Haute Cour de Malaisie.

Besra Gold Inc. (ASX: BEZ) hat eine bedeutende Entwicklung hinsichtlich des Liquidationsantrags gegen Quantum Metal Sdn Bhd (QM Malaysia) bekannt gegeben. Nach ihrer vorherigen Ankündigung vom 11. November 2024 hat das Unternehmen bestätigt, ein Schreiben vom Finanzamt erhalten zu haben, in dem die Zustimmung zur Rücknahme des ursprünglichen Antrags, der von der Regierung Malaysias beim Obersten Gerichtshof Malaysias eingereicht wurde, erklärt wird.

Positive
  • Withdrawal of winding-up petition against QM Malaysia reduces legal and operational uncertainty
  • Resolution of tax authority issues demonstrates improved regulatory compliance
Negative
  • None.

Melbourne, Victoria, Australia--(Newsfile Corp. - January 8, 2025) - Besra Gold Inc. (ASX: BEZ) (referred to as" Besra or the Company") would like to reference its announcement from 11 November 2024 regarding the petition for winding-up by the High Court of Malaysia (the Petition) of Quantum Metal Sdn Bhd (incorporated in Malaysia) (referred to as QM Malaysia) that was presented by the Government of Malaysia.

Besra is pleased to confirm that QM Malaysia has provided Besra with a letter from the Inland Revenue Department confirming that they have agreed to and are in the process of withdrawing the Petition.

This announcement was authorised for release by Mr Kenny Lee — Executive Director.

Michael Higginson
Director and Company Secretary

N. American Contact:
James Hamilton
Investor Relations Services
M +1-416-471-4494
E jim@besra.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236434

FAQ

What is the status of the winding-up petition against Quantum Metal Sdn Bhd (BESAF)?

The Inland Revenue Department has agreed to withdraw the winding-up petition against Quantum Metal Sdn Bhd, as confirmed by Besra Gold through a letter from the department.

When was the original winding-up petition against Quantum Metal announced by Besra Gold (BESAF)?

The original winding-up petition was announced by Besra Gold on November 11, 2024.

Who filed the original winding-up petition against Quantum Metal (BESAF)?

The Government of Malaysia filed the original winding-up petition against Quantum Metal Sdn Bhd through the High Court of Malaysia.

What is the significance of the petition withdrawal for Besra Gold (BESAF)?

The withdrawal of the petition reduces legal uncertainty and demonstrates resolution of regulatory issues with Malaysian tax authorities, which is positive for the company's operations.

BESRA GOLD INC CDI

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