The Board of Bintai wishes to announce that Kejuruteraan Bintai Kindenko Sdn. Bhd., a wholly-owned subsidiary of the Company has on 13 September 2023 accepted the proposed debt settlement via cash from Windsor Serdang Sdn. Bhd. for a total amount of RM24,000,000 (Ringgit Malaysia Twenty Four Million) only being the debt owing by Serdang Baru Properties Sdn. Bhd. (“Settlement”).
The details of the Settlement and press release are set out in the attachments below.
This announcement is dated 14 September 2023.