KUALA LUMPUR: Serba Dinamik Holdings Bhd
has clarified that it has a 30-day period from the non-payment due date to cure and pay the overdue coupon obligations before triggering any dissolution event.
Responding to an article titled "Serba Dinamik misses coupon payment for US$300m sukuk” published by a local financial daily on Thursday, the oil and gas company denied the amount of payment due as stated in the article, maintaining that the coupon payment due was approximately US$7.0 million and not US$9.45 million (US$1=RM4.17).
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!
