PETALING JAYA: Pesaka Astana (M) Sdn Bhd bondholders have finally been paid RM149mil by KAF Discounts Bhd and Mayban Trustees Bhd after a ‘‘landmark’’ High Court judgement on June 30 ruled in favour of the bondholders.
The bondholders had filed a suit against Pesaka Astana, KAF and Mayban Trustees among others in late 2005 in relation to the default in Pesaka Astana’s RM140mil Al Bai Bithaman Ajil (ABBA) Islamic debt securities that was issued in April 2004.
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