(Image: The Malaysian Reserve/Hussein Shaharuddin) Malaysia Building Society Bhd (MBSB), the parent company of MBSB Bank, has signed a conditional share
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.