KUALA LUMPUR: If the deadlock in the plans to restructure the water sector in Selangor continues to hang on a thread with the various parties out to safeguard their widely divergent interests, then Syarikat Pengeluar Air Selangor Holdings Bhd (Splash) will face a huge financial dilemma.
Hanging on tenterhooks are bondholders of Splash’s RM1.43bil debt papers – RM1.12bil nominal amount of Al-Bai Bithamin Ajil facility and RM310mil Islamic medium-term notes.
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