Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Bursa Community

Bursa Malaysia Stock Forum - Enriching You!


Ho Hup's restructuring scheme approved

Bursa Community :: Community News

Go down

Ho Hup's restructuring scheme approved Empty Ho Hup's restructuring scheme approved

Post by Cals Thu 10 Oct 2013, 17:30

Ho Hup's restructuring scheme approved
Business & Markets 2013
Written by Fatin Rasyiqah Mustaza of theedgemalaysia.com   
Thursday, 10 October 2013 17:00
KUALA LUMPUR (Oct 10): Ho Hup CONSTRUCTION [] Co Bhd today received approval from its creditors and shareholders for the firm's proposed restructuring scheme. The exercise aims to help the company exit its Practice Note 17 status.

Ho Hup executive director Derek Wong Kit Leong told reporters after the company's extraordinary general meeting here today that following the approval, the group will proceed with its fund-raising excercise.

The fund-raising exercise is targeted for completion by end of November.

Wong said in the coming months, the group will focus on complementing the restructuring exercise to further strengthen its balance sheet.

He said that Ho Hup will also prepare for the next phase of its property development and concrete businesses.
Cals
Cals
Administrator
Administrator

Posts : 25277 Credits : 57721 Reputation : 1766
Male Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

Back to top Go down

Back to top

- Similar topics

Bursa Community :: Community News

 
Permissions in this forum:
You cannot reply to topics in this forum