PETALING JAYA: Serba Dinamik Holdings Bhd
has warned that its financial performance may be significantly impacted after it confirmed that its subsidiary has defaulted on its interest payment for a US$222.22mil (RM940mil) sukuk.
Serba Dinamik also warned that the default, amounting to US$6.5mil (RM27.5mil) in interest payment, would give rise to several other potential events of default by virtue of the “cross-default provision under the respective financing agreements”.
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