KUALA LUMPUR: RAM Rating Services Bhd (RAM Ratings) has affirmed the AAA/Stable/P1 financial institution ratings of Public Bank Bhd and its core subsidiary, Public Islamic Bank Bhd.
Serba Dinamik s subsidiary defaults RM14 63 mln payment for term equity, financing facilities theborneopost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theborneopost.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (March 16): Daya Materials Bhd today inked a series of agreements as part of its debt restructuring scheme, following the approval in principle from its creditors in July last year.
The Practice Note 17 company, in a bourse filing, said it signed seven supplemental agreements and two debt settlement agreements with its creditors.
The creditors comprise Malayan Banking Bhd, United Overseas Bank (M) Bhd, RHB Bank Bhd, Hong Leong Bank Bhd, Al Rajhi Banking & Investment Corp (M) Bhd, Public Islamic Bank Bhd, Propel Global Bhd, Export-Import Bank of Malaysia Bhd, and Siem Offshore Rederi AS.
“All the defaulted debts will be restructured and settled in accordance with the respective agreements,” the oil and gas services group said.
PETALING JAYA: KPower Bhd’s maiden venture into the solar power installation business will further strengthen its growth prospects, as it should ride on the wave of interest in renewable energy in Malaysia, according to RHB Research.