Alam Maritim gets extension until Aug 11 to submit revamp scheme

The oil and gas (O&G) service provider said that the extension was granted because of the pending completion of an independent business review (IBR) by the financial adviser, Ernst & Young.

PETALING JAYA: Alam Maritim Resources Bhd has received an extension until Aug 11 to submit its proposed restructuring scheme (PRS) on its debt.

In a filing with Bursa Malaysia, Alam Maritim said that the Corporate Debt Restructuring Committee (CDRC), a unit of Bank Negara, had granted it an extension of time to submit the proposal.