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Business

Barakah secures restraining order against creditors

Barakah Offshore Petroleum Bhd teams up with Vallianz Holdings Ltd to form a strategic alliance.

KUALA LUMPUR: Barakah Offshore Petroleum Bhd and its unit, PBJV Group Sdn Bhd, have secured a court order restraining all proceedings and actions against the companies.

The company said today in its Bursa Malaysia announcement that the order was applied as part of proactive measures by Barakah to manage its debt levels.

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