Business Times (Malaysia), July 12th, 2000
Business Times (Malaysia) 07-12-2000 LAND & GENERAL Bhd and three of its subsidiaries have proposed a debt restructuring scheme to lenders, after failing to meet interest and principal payments on RM250.91 million of debt.
In a statement to the Kuala Lumpur Stock Exchange, Land & General said the companies are now negotiating the terms of the proposed debt restructuring scheme with their lenders.
Land & General said it has not received any letter of demand or any default notice from the lenders to date. Its board of directors is also not aware of any legal proceedings being tak...
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