KUALA LUMPUR: Embattled Kinsteel Group Bhd has proposed an extensive regularisation exercise to cut its debts by reducing its share capital, fund raising, disposal of land and resolution of its liabilities.
It had on Tuesday also proposed scheme of arrangement and compromise with the creditors of Kinsteel involving total liabilities of RM1.68bil as at the cut-off date of June 30, 2017.
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