Utusan defaulted on loan


KUALA LUMPUR: Utusan Melayu (M) Bhd has defaulted on a RM2.9mil loan.

“Due to financial constraints the company is not able to meet its obligation to repay the Affin Islamic Bank Bhd and therefore had defaulted in profit and principal payment to the bank,” it said.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Trading ideas: SD Guthrie, Dayang, Datasonic, Elridge, Genetec, MN, Bina Puri, Bintai Kinden, MCE, BHIC, Carimin, Tuju Setia, Khee San
Wall St slips as uncertainty surrounds U.S. election
Oil jumps nearly 3% after Opec+ delays output hike, US election in focus
Datasonic acquires 51% stake in ICT firm
High real estate credit growth raises concern
Elridge Energy inks 15-year biomass fuel deal
Bumi Armada’s North Sea contract win to lift earnings
US election may impact US$89bil worth of exports
China stimulus questions to persist long after meeting
Stonepeak nears deal for aircraft lessor ATSG

Others Also Read