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(SCable) has struck deals with financial institutions to restructure the loans of its affected subsidiaries.
SCable said the affected companies (subsidiaries) have entered into the relevant agreements (RAs), including the restructuring agreements, with their respective lenders, with all the agreements having been signed by Dec 11,2020.
The parties have agreed to vary the terms and restructure the existing facilities in accordance with the affected companies’ restructuring scheme (RS), the company told Bursa Malaysia on Dec 11.
On the general salient terms of the RAs, SCable said the affected companies’ debts have been restructured to a repayment terms of up to five years, commencing from the date of the RAs. ....

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