Bintai Kinden in restructuring ops


KUALA LUMPUR: Bintai Kinden Corp Bhd has announced that the group has successfully restructured and rescheduled all of its defaulted banking facilities with its financiers with the aim of uplifting its PN17 status.

The firm said it has made progress through strategic initiatives including securing a robust order book, negotiating favourable terms with banks and creditors, implementing cost-cutting measures and finalising outstanding projects. — Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Ringgit easier against greenback ahead of US inflation data this week
Foreign investors stay net buyers of Malaysian equities, despite regional outflow
99 Speed Mart opens 12% higher on Main Market
Global sentiment downturn weighs on Bursa Malaysia
Trading ideas: Gamuda, Varia, YTL Power, MYEG, Gadang, OSK, MISC, Duopharma
Factors driving Volkswagen crisis
Economic worries back on Wall Street’s radar
German envoy says China emissions key to world climate goal
Petrobras accelerates fertiliser plans, considering US$800mil investment
Rio Tinto, China firms keen on Guinea assets

Others Also Read