Asia Petroleum Hub (APH) and its bankers have reached an understanding, resulting in Datuk Gan Ah Tee of BDO-Binder being discharged on 20 July as receiver and manager amid talks of new investors emerging to revive the company. (Star Biz)
This news suggests that an amicable solution was reached regarding the receivership status imposed on APH. This should pave way for the entry of a new investor into APH. This is positive for Muhibbah as is restores the chances for the group to recover the RM371m receivable for works done for the APH project, and reduces the risk of huge provisions.
This news suggests that an amicable solution was reached regarding the receivership status imposed on APH. This should pave way for the entry of a new investor into APH. This is positive for Muhibbah as is restores the chances for the group to recover the RM371m receivable for works done for the APH project, and reduces the risk of huge provisions.
No comments:
Post a Comment