Companies agree to restructure payment terms

File pic shows an artists impression of the impression of SBC Corp Bhd and Suria Capital Holdings Bhd's JV Jesselton Quay project.

KUALA LUMPUR: Construction and property development group SBC Corp Bhd and Sabah Ports operator Suria Capital Holdings Bhd have agreed to restructure part of the payment terms for their joint venture Jesselton Quay project in Kota Kinabalu.

In a Bursa filing, SBC Corp said the payment restructuring was due to the impact of the Covid-19 pandemic which had affected the sentiment of the tourism and property market.