FABER Group Bhd has completed its debt-restructuring scheme, with its debts pared to a manageable RM196mil from RM1.6bil before.
The company announced this yesterday, exactly one month after receiving shareholders' approval at an EGM for the sale of its 49% stake in Inter-Heritage Sdn Bhd to United Engineers (M) Bhd. Inter-Heritage owns the Sheraton Imperial Hotel in Kuala Lumpur.
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