Looming debt restructuring

All ears: Industry observers reckon that more restructurings will be taking place now even with small and medium sized companies, as debt reprieves come to an end.

AS one of the largest corporate debt restructuring exercises in recent years is about to begin, it begs the question of whether some local companies have taken on too much debt prior to the pandemic.

The case of Sapura Energy Bhd, saddled with unpaid debts and payables to the tune of RM15bil, has been widely reported.