Green Packet Berhad was once lauded for its market value exceeding US$1 billion. But, it seems its glory days are long over. Its founder, Puan Chan Cheong aka CC Puan (), has just been declared bankrupt by the Kuala Lumpur High Court!
Puan Chan Cheong had reportedly received bankruptcy notices, which were filed on 24th May 2022. However, as he was unable to meet their requirements and failed to settle a combined sum of RM30.66 million, which are owed to two companies, CC Puan has since been declared bankrupt.
According to reports, CC Puan allegedly owes the sum of RM30.66 million to two companies, Medinis Sdn Bhd and Everegion Sdn Bhd. The two companies had applied and petitioned for CC Puans bankruptcy on 27th March…
Read the full article at: https://hype.my/2023/332182/green-packet-puan-chan-cheong-bankrupt/