Development in Machang Indah, Bukit Mertajam, Pulau Pinang
Role: Liquidator
Liquidator for the abandon industrial development in Machang Indah, Bukit Mertajam in Pulau Pinang since 28 August 2013. The Company was wounded up on 17 June 2002 by the Creditors of the Company due to failure in fulfilling their responsibilities.
Reclamation and sale of units: Successfully reclaimed 124 units from Bank Rakyat and sold them off to new purchasers.
Perfection of titles: Completed the perfection of titles for more than half of the total developed units, ensuring that the rightful owners had legal ownership of their units.
Settling ownership issues: Accomplished the task of settling ownership issues for the units, which likely involved resolving disputes or discrepancies in ownership claims. Continued to reclaim outstanding units with the help of relevant stakeholders and through correspondence with Bank Rakyat, indicating ongoing efforts to resolve remaining issues.