FABER Group Bhd is having a tough time restructuring its debts as bondholders have failed to reach agreement among themselves while its hotel assets have not attracted acceptable offer prices.
The loss-making property group intends to sell its hotel assets to redeem its RM1.5bil redeemable convertible secured bonds 2000/2005 (RCSB) and to concentrate on its more profitable ventures in property development and provision of health support services.
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