About the Company
Pursuant to an Order of the High Court of Sabah and Sarawak at the Federal Territory of Labuan dated 11 September 2024, the Company has been ordered to be wound up and Mr Luke Anthony Furler of Quantuma (Singapore) Pte Limited has been appointed as Liquidator of the Company.
The Company was previously engaged in the sale of financial and investment products to both individual and corporate clients, with a primary focus on investors. The Liquidator understands that these activities were conducted through the Company’s Client Portal, which was deactivated in or around March 2023. Since the shutdown of the Client Portal, no further updates have been provided, and investors have been unable to access or view their accounts.
The purpose of this website is to provide creditors and stakeholders of the Company with status updates pertaining to the liquidation of the Company.
FAQs
What is the status of the Company?
On 11 September 2024, the High Court of Sabah and Sarawak at the Federal Territory of Labuan (“the Court”) ordered that Luke Anthony Furler (“Mr Furler”), an independent insolvency practitioner be appointed as Liquidator of the Company.
What is the role of the Liquidator and what are his duties and powers?
Mr Furler’s duties and powers as Liquidator are prescribed under Part I and Part II of the Twelfth Schedule of the Malaysia Companies Act 2016 and the Companies (Winding-Up) Rules 1972.
Will any redemption request be processed?
At this time, the Liquidator will not be processing any redemption requests. Should there be any changes to this position, investors and creditors will be notified accordingly.
Where can investors and creditors get the Proof of Debt form and submit a claim to the Liquidator?
Investors and creditors may obtain the Proof of Debt form and submit their claim using the following link: Submit a claim
When will a meeting of the creditors take place?
The Liquidator will communicate to creditors of the process and timing of the meeting in advance.
Will investors / creditors get their money back and how much will they receive?
The Liquidator’s team will be responsible for determining the list of creditors and adjudicating the amounts claimed. Creditors will be updated in due course on the progress of the Company’s asset recovery efforts. Please note that any distributions are contingent upon the successful recovery of assets. At this stage, no assurance can be given as to the timing or quantum of any potential recovery, or whether any recovery will be achieved at all.
What actions have the Liquidator taken to date?
More information about the actions that the Liquidator has taken to date can be found in the Liquidator’s Report.
How to contact the Liquidator?
Creditors and investors are invited to contact the Liquidator at ccibinfo@quantuma.com for any queries they may have.