PSC INDUSTRIES BHD (PSCI) said that it has sought clarification with Business Focus Capital Sdn Bhd (BF Capital) on the reasons of Affin Bank Bhd’s action to terminate the debt purchase arrangement between BF Capital and ABB (Arrangement) which forms part of the proposed debt restructuring. As at the date hereof, PSCI has not received any updates from BF Capital concerning the matter.
In the event that the termination of the arrangement is valid, the revised proposals will not be implemented as the arrangement forms an integral part of the proposed debt restructuring, it said.
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