KUALA LUMPUR: LIMAHSOON BHD [] has been given six months to complete its proposed restructuring of its RM81.1 million debt'' after it sought the assistance of the Corporate Debt Restructuring Committee (CDRC).
Limahsoon said on Wednesday, Aug 11 that it had submitted an application to CDRC on July 26 for assistance to mediate between the company and its financial creditors.
"CDRC had via its letter dated Aug 11 accepted Limahsoon's application," it said, adding the CDRC had given the company six months from Aug 11 to complete the proposed debt revamp.
Limahsoon said on Wednesday, Aug 11 that it had submitted an application to CDRC on July 26 for assistance to mediate between the company and its financial creditors.
"CDRC had via its letter dated Aug 11 accepted Limahsoon's application," it said, adding the CDRC had given the company six months from Aug 11 to complete the proposed debt revamp.
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