Pestec gets KL High Court injunction blocking Chinese supplier from enforcing guarantee
The Kuala Lumpur High Court has extended an injunction stopping China-based supplier Shandong Power Equipment Co Ltd from enforcing an undated corporate guarantee against Pestec International Bhd. The order holds until an Oct 9 hearing, as Pestec defends itself against a winding-up petition. Pestec shares fell half a sen to five sen.