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CREDITORS AGREE WITH RESTRUCTURING SCHEME.
PETALING JAYA, March 13 (Bernama) -- Creditors of Faber Group Bhd and Park May Bhd had given the greenlight to the companies' respective debt restructuring proposals, said managing director of Renong Bhd, Ahmad Pardas Senin.
The proposals are now awaiting the Securities Commission's approval, he told reporters after a press conference to announce the proposed sales of shares of Commerce Asset-Holding Bhd (CAHB) and the listing of Projek Lebuhraya Utara-Selatan (PLUS) today.
Both the Renong units, Faber and Park May, had sought the assistance of the Corporate Debt Restructuring Commitee (CDRC) for their debt restructuring proposals.
Parkmay's debt …
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