PETALING JAYA: Garment manufacturer Maxbiz Corp Bhd has defaulted a payment of over RM23mil as at end-May and has been served a writ of summons and statement of claim by Pacific Trustees Bhd.
In a filing with Bursa Malaysia yesterday, Maxbiz said the amount consisted of over RM22mil nominal amount of five-year 2% redeemable convertible secure loan stocks (RCSLS).
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