KINSTEL

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OTHERS KINSTEEL BHD (IN LIQUIDATION) ("KINSTEEL" OR "THE COMPANY") DEBT RESTRUCTURING AGREEMENT ("DRA") FOR THE PROPOSED RESTRUCTURING AND SETTLEMENT OF DEBTS OWING TO THE CREDITORS OF THE COMPANY AND ITS 51%-OWNED SUBSIDIARY, PERFECT CHANNEL SDN BHD ("PCSB")

KINSTEEL BHD

Type Announcement
Subject OTHERS
Description
KINSTEEL BHD (IN LIQUIDATION) ("KINSTEEL" OR "THE COMPANY") 

DEBT RESTRUCTURING AGREEMENT ("DRA") FOR THE PROPOSED RESTRUCTURING AND SETTLEMENT OF DEBTS OWING TO THE CREDITORS OF THE COMPANY AND ITS 51%-OWNED SUBSIDIARY, PERFECT CHANNEL SDN BHD ("PCSB")

Unless otherwise defined, all abbreviations used herein shall have the same meaning as that defined in the announcement dated 27 February 2015.

 

We refer to the announcements made on 11 November 2015, 25 November 2015, 26 April 2016, 1 June 2016 and the monthly announcements in relation to the status of the DRA executed between the Company and PCSB with their Creditors for the proposed restructuring and settlement of debts owing to the Creditors.


There is no major development on the status of the DRA as at the date of this announcement.


This announcement is dated 26 February 2021.






Announcement Info

Company Name KINSTEEL BHD
Stock Name KINSTEL
Date Announced 26 Feb 2021
Category General Announcement for PLC
Reference Number GA1-26022021-00111