KUALA LUMPUR: Bina Puri Holdings Bhd
has received approval in principle from participating lenders for its proposed restructuring scheme (PRS), following mediation by the Corporate Debt Restructuring Committee (CDRC).
In a filing today, Bina Puri said the CDRC, a committee under the purview of Bank Negara Malaysia, had informed the company that participating lenders representing at least 75 per cent in value had approved the terms and conditions of the PRS.
