Under the hammer: Registered bidders browsing the items before the auction at the tower's viewing platform. THIRTY-SIX items belonging to the Komtar Tower Sdn Bhd went under the hammer for RM9,000 when the company failed to raise RM190,501 to stop the auction.
Among the items auctioned off were stainless steel tables, gas tanks, kitchen utensils, sofas, paintings, bottled drinks, chairs, a counter top and a freezer.
This is the second auction of the company’s assets. On Jan 28, 90 items were snapped up for only RM2,000. The auction has not shut down the company’s restaurants.
Komtar assemblyman and Komtar Revitalisation Committee chairman Ng Wei Aik said the company could continue with its operations before the Penang Development Corporation obtained vacant possession, adding that the process could take a few months.
Court bailiff Mohamad Rodzi Nasarudin conducted the auction at the viewing platform on Level 60 of the tower yesterday with 17 bidders registered at the venue.
The auction was held to recover over RM1.3mil in rental arrears owed to the landlord, PDC.
The bailiff had on April 3 executed a writ of distress on Komtar Tower Sdn Bhd and the company was given 14 days to pay up RM190,501 to stop the auction.
The winning bidder was secondhand goods dealer Edward Chai from Kuala Lumpur. He said:”I’m here for the auction and if I had known of the first auction, I would have been here too.”
Komtar Tower spokesman Richard Chao said the company’s restaurant was still catering for special functions and banquets.
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