Taghill Holdings Berhad has announced that a winding-up petition has been filed against its wholly owned subsidiary, SIAB (M) Sdn Bhd (SMSB), over an outstanding debt of RM350,395.99, although the company said the legal action is not expected to have a material impact on the group’s financial position or operations.
The property company said the petition was filed by Super Sunrise Sdn Bhd in the High Court of Malaya in Kuala Lumpur under Section 465(1)(e) and Section 466(1)(a) of the Companies Act 2016.
The petition was served on SMSB on July 1, 2026, and subsequently received by the company on July 3.
The claim relates to an outstanding judgment debt comprising a principal sum of RM322,223.30 as at Oct 31, 2025, together with interest at an agreed rate of 1.5% per month, or 18% per annum, from Nov 1, 2025 to April 20, 2026, amounting to RM27,172.69. Including legal costs of RM1,000, the total amount claimed stands at RM350,395.99.
Taghill noted that no payments have been made towards the outstanding amount.
The company also disclosed that SMSB was placed under a Judicial Management Order (JMO) by the High Court on June 29, 2026, for a period of six months, unless extended or varied by the court.
The company added that, apart from legal fees and related expenses, it does not expect to incur any additional losses arising from the petition.
