Writ of Seizure and Sales against HLA

Hytex Integrated Berhad has obtained a Writ of Seizure and Sales against Hong Leong Assurance. The claimable amount is RM30.4 mil plus 8% interest. The amount is for a disputed fire insurance claim.

Hytex is a sports goods manufacturer for international brands such as Nike and Puma.

Earlier it was reported elsewhere (not this blog) that the office of HLA was "seized and sealed" which was inaccurate.

Source: Bursa 1 & 2, Sinchew 1, 2, 3 & 4

Takaful Refund Delayed

A Bandar Sri Damansara contributor wrote to the Malay Mail to express his disappointment over the delay in getting discount on his motor policy from Takaful Malaysia.

The contributor was promised 25% discount on the contract from 2nd year onwards.  However, on renewal, he was asked to pay the full contribution.

A company spokesman explained that the delay was due to the upgrading and re-engineering of their IT system and business processes.

http://www.mmail.com.my/Current_News/mm/Thursday/Hotline/20080320032836/Article/index_html