Nam Cheong says it will temporarily stop all debt payments.
PETALING JAYA: Nam Cheong Group Bhd is the latest company that is unable to service its debts due to the prolonged downturn in the oil and gas (O&G) industry.
The company, which is based in Sarawak and listed in Singapore, had outstanding debts of some RM1.84bil as of its latest reported first quarter ended March 31.
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