PETALING JAYA: Tomypak Holdings Bhd
’s wholly-owned subsidiary, Tomypak Flexible Packaging Sdn Bhd (TFP), has defaulted on certain repayments of the principal and interest in respect of trade facilities granted by AmBank Bhd and Hong Leong Bank Bhd as well as industrial hire purchase facilities granted by MBSB Bank Bhd and ORIX Leasing Malaysia Bhd as at April 30, 2026.
In a filing with Bursa Malaysia, Tomypak added TFP is unable to meet the above payment obligations mainly due to a temporary timing mismatch in cash flow.
This is pending the completion of funding initiatives currently being undertaken by Tomypak.
The funding plan includes a proposed financing arrangement and the private placement exercise which was announced on April 29, which are intended to support Tomypak’s working capital requirements.
