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New twist to SunInfra debt revamp proposal.
(From Business Times (Malaysia))
Byline: Rupinder Singh
A NEW twist emerged in the debt revamp plan for Sunway Infrastructure Bhd (SunInfra), a toll-highway operator.
Yesterday's meeting to decide whether bondholders would accept a 22 per cent haircut from the company was adjourned by two weeks to October 12.
SunInfra tabled a revised version at yesterday's meeting but did not change its RM740 million offer as final payment.
Bondholders asked for the two-week extension to enable their financial advisors and solicitors to "fine tune" certain conditions of these bonds.
"They want certain conditions or terms of the bonds …
