JCorp statement on RM3.6bil debts next month


PETALING JAYA: Johor state investment arm Johor Corp (JCorp) is slated to make an announcement on the full status of its RM3.58bil outstanding corporate debts next month.

Its spokesperson said that newly appointed acting JCorp president and chief executive officer Kamaruzzaman Abu Kassim is already hard at work to resolve the issue based on his first meeting with JCorp’s senior officials in Johor Baru yesterday.

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