Besra Gold Refers To: Quantum Metal Sdn Bhd
Besra Gold Inc. (ASX: BEZ) has addressed recent reports regarding a winding-up petition filed by the Malaysian Government against Quantum Metal Sdn Bhd (QM Malaysia). The petition was filed due to delayed tax payments. QM Malaysia, a subsidiary of Quantum Metal Exchange Inc, submitted an installment proposal to Malaysia's Inland Revenue Department on November 8, 2024. Besra clarified that this petition exclusively involves QM Malaysia and does not affect Quantum Metal Recovery Inc, Besra's largest CDI holder and Gold Purchase Agreement partner. The Inland Revenue Department is expected to withdraw the petition upon approval of the installment proposal.
Besra Gold Inc. (ASX: BEZ) ha risposto ai recenti rapporti riguardanti una petizione di liquidazione presentata dal governo malese contro Quantum Metal Sdn Bhd (QM Malaysia). La petizione è stata depositata a causa di ritardi nei pagamenti delle tasse. QM Malaysia, una sussidiaria di Quantum Metal Exchange Inc, ha presentato una proposta di rateizzazione al Dipartimento delle Entrate Interne della Malesia l'8 novembre 2024. Besra ha chiarito che questa petizione riguarda esclusivamente QM Malaysia e non influisce su Quantum Metal Recovery Inc, il principale detentore di CDI di Besra e partner nel contratto di acquisto d'oro. Si prevede che il Dipartimento delle Entrate Interne ritiri la petizione una volta approvata la proposta di rateizzazione.
Besra Gold Inc. (ASX: BEZ) ha abordado los informes recientes sobre una petición de liquidación presentada por el Gobierno de Malasia contra Quantum Metal Sdn Bhd (QM Malasia). La petición se presentó debido a retrasos en los pagos de impuestos. QM Malasia, una subsidiaria de Quantum Metal Exchange Inc, presentó una propuesta de pago a plazos al Departamento de Ingresos Internos de Malasia el 8 de noviembre de 2024. Besra aclaró que esta petición involucra exclusivamente a QM Malasia y no afecta a Quantum Metal Recovery Inc, el mayor tenedor de CDI de Besra y socio en el Acuerdo de Compra de Oro. Se espera que el Departamento de Ingresos Internos retire la petición una vez aprobada la propuesta de pago a plazos.
Besra Gold Inc. (ASX: BEZ)는 말레이시아 정부가 Quantum Metal Sdn Bhd (QM 말레이시아)에 대해 청산 청원서를 제출한 최근 보고서에 대한 입장을 밝혔습니다. 청원서는 세금 납부 지연으로 인해 제출되었습니다. QM 말레이시아는 Quantum Metal Exchange Inc의 자회사로서, 말레이시아 국세청에 2024년 11월 8일 분할 상환 제안을 제출했습니다. Besra는 이 청원이 오직 QM 말레이시아와 관련이 있으며, Besra의 최대 CDI 보유자이자 금 구매 계약 파트너인 Quantum Metal Recovery Inc에는 영향을 미치지 않는다고 설명했습니다. 분할 상환 제안이 승인되면 국세청이 청원을 철회할 것으로 예상됩니다.
Besra Gold Inc. (ASX: BEZ) a répondu à des rapports récents concernant une pétition de liquidation déposée par le gouvernement malais contre Quantum Metal Sdn Bhd (QM Malaisie). La pétition a été déposée en raison de retards dans les paiements d'impôts. QM Malaisie, une filiale de Quantum Metal Exchange Inc, a soumis une proposition d'échelonnement au Département des recettes intérieures de Malaisie le 8 novembre 2024. Besra a clarifié que cette pétition concerne exclusivement QM Malaisie et n'affecte pas Quantum Metal Recovery Inc, le principal détenteur de CDI de Besra et partenaire dans le contrat d'achat d'or. On s'attend à ce que le Département des recettes intérieures retire la pétition une fois la proposition d'échelonnement approuvée.
Besra Gold Inc. (ASX: BEZ) hat auf jüngste Berichte reagiert, die sich auf einen Liquidationsantrag der malaysischen Regierung gegen Quantum Metal Sdn Bhd (QM Malaysia) beziehen. Der Antrag wurde aufgrund verspäteter Steuerzahlungen eingereicht. QM Malaysia, eine Tochtergesellschaft von Quantum Metal Exchange Inc, hat am 8. November 2024 einen Ratenzahlungsantrag bei der malaysischen Steuerbehörde eingereicht. Besra stellte klar, dass dieser Antrag ausschließlich QM Malaysia betrifft und Quantum Metal Recovery Inc, den größten CDI-Inhaber von Besra und Partner im Goldkaufvertrag, nicht betrifft. Es wird erwartet, dass die Steuerbehörde den Antrag bei Genehmigung des Ratenzahlungsantrags zurückzieht.
- Quantum Metal Recovery Inc's Gold Purchase Agreement with Besra remains unaffected by the petition
- Besra's largest CDI holder's subsidiary (QM Malaysia) faces winding-up petition from Malaysian government
- Tax payment delays by related party could indicate potential financial instability in the corporate structure
Melbourne, Victoria, Australia--(Newsfile Corp. - November 11, 2024) - The Board of Besra Gold Inc. (ASX: BEZ) (Besra or the Company) refers to recent reports regarding a petition for the winding-up by the High Court of Malaysia of Quantum Metal Sdn Bhd (incorporated in Malaysia) (QM Malaysia) that was presented by the Government of Malaysia (Petition).
Quantum Metal Recovery Inc (being Besra's largest CDI holder and the contracting party for the Company's Gold Purchase Agreement) has advised Besra that QM Malaysia is a wholly owned subsidiary of Quantum Metal Exchange Inc (incorporated in the USA) and that the Petition exclusively involves QM Malaysia and does not affect in any way Quantum Metal Recovery Inc and Besra.
The Petition for the winding-up was issued due to a delay in tax payment to the Government of Malaysia. QM Malaysia advises that on 8 November 2024, it submitted an installment proposal to the Government's Inland Revenue Department for their approval. As advised by Mr Dato Lim, once approved it is expected that the Inland Revenue Department will withdraw the Petition.
This announcement was authorised for release by the Board of Besra Gold Inc.
Michael Higginson
Director and Company Secretary
N. America Contact
James Hamilton
Investor Relations
E jim@besra.com
M +1-416-471-4494
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229487
FAQ
Why is Quantum Metal Sdn Bhd facing a winding-up petition in Malaysia?
How does the winding-up petition affect Besra Gold's operations (ASX: BEZ)?
What solution has Quantum Metal Sdn Bhd proposed to resolve the winding-up petition?
