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OTHERS BINTAI KINDEN CORPORATION BERHAD ("BKCB" OR "COMPANY") - Monthly Announcement on the Status of Default in Payment to MBSB Bank Berhad pursuant to Paragraph 9.19A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

BINTAI KINDEN CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
BINTAI KINDEN CORPORATION BERHAD ("BKCB" OR "COMPANY")
- Monthly Announcement on the Status of Default in Payment to MBSB Bank Berhad pursuant to Paragraph 9.19A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

Reference is made to the Company’s first announcement dated 30 March 2023 and latest announcement dated 1 November 2023 (“Previous Announcements”). Unless otherwise defined, the terms and definitions used herein shall have the same meaning as defined in the Previous Announcements.

 

The Board of Directors of Bintai wishes to inform that proactive efforts have been made to address the issue at hand which include and are not limited to ongoing talks with MBSB Bank Berhad, Kolej Teknologi Islam Melaka Berhad (“KTIMB”), the State Government of Melaka, potential investors as well as potential buyers for Optimal Property Management Sdn. Bhd. as at the date of this announcement.

 

There has been no material change to the status of default in payment yet since the previous announcement dated 1 November 2023.

 

The Company is currently in the midst of formulating the Regularization plan and has four (4) months to submit to the relevant authorities for approval.

 

The Company will announce further developments on the above matter in due course.

 

This announcement is dated 1 December 2023.






Announcement Info

Company Name BINTAI KINDEN CORPORATION BERHAD
Stock Name BINTAI
Date Announced 01 Dec 2023
Category General Announcement for PLC
Reference Number GA1-01122023-00022



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