WZ Satu Bhd's group chief executive officer Suhaimi Badrul Jamil, (pic) who was appointed in August last year, also dubbed as a turnaround specialist, says raising funds through a rights issue would improve the liquidity of the group in line with the restructuring plan.
IT has been one of the busiest times for restructuring lawyers and financial advisers as more companies seek to reset their financial position over the past months.
As the Covid-19 pandemic persists, some companies have disposed some divisions of their businesses as they no longer appear profitable in the current market environment.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
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!
