PETALING JAYA: PT Bintan Hotel Utama (BHU), an indirect subsidiary of Landmarks Bhd
that operates a resort and other attractions at the Treasure Bay Bintan resort city in Indonesia, has been ordered by a commercial court to propose a plan to restructure its debts.
In a filing with Bursa Malaysia yesterday, the resort developer and manager said the Medan commercial court had ordered a temporary suspension of payments by BHU following a petition filed by PT Rancang Adhya Selaras (RAS). This is to enable BHU to propose a composition plan to its creditors
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
