SAAG starts debt revamp, plans to meet creditors next week


PETALING JAYA: Troubled SAAG Consolidated (M) Bhd is taking the first steps to restructure its massive debt of some RM700mil by meeting its creditors next week, sources said.

The biggest creditor is Arab Malaysian Bank Bhd (AMMB) which is owed a principal sum of RM451.48mil and followed by Exim Bank Malaysia (RM175.9mil).

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