DAYA got it own movements; latest announcements all the defaulted debts will be restructured and settled in accordance with the respective
agreements above.
Need to wait hourly chart oversold if wish to enter. I think 0.015 and 0.02 is best entry price afor this moment. Tomorrow if sell continues will lost minimum 25% capital
Daya Materials inks debt settlement agreement with creditors KUALA LUMPUR (March 16):
Daya Materials Bhd today inked a series of agreements as part of its debt restructuring scheme, following the approval in principle from its creditors in July last year. The Practice Note 17 company, in a bourse filing, said it signed seven supplemental agreements and two debt settlement agreements with its creditors, namely Malayan Banking Bhd, United Overseas Bank (M) Bhd, RHB Bank Bhd, Hong Leong Bank Bhd, Al Rajhi Banking & Investment Corp (M) Bhd, Public Islamic Bank Bhd, Propel Global Bhd, Export-Import Bank of Malaysia Bhd, and Siem Offshore Rederi AS. “All the defaulted debts will be restructured and settled in accordance with the respective agreements,” the oil and gas services group said. The debt restructuring was part of a regularisation plan Daya Materials had to submit to regulators by end-September 2020, following a series of defaults in 2019. At end-2020, Daya Materials had net liabilities of RM197.79 million, with retained losses of RM478.82 million. — by Adam Aziz/theedgemarkets.com
announcement shall have the same meanings as defined in the aforesaid Announcements.
On behalf of the Board, HLIB wishes to announce that the application in relation to the Proposed Regularisation Plan has been submitted to Bursa Securities today.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Msspirit
150 posts
Posted by Msspirit > 2021-03-16 15:50 | Report Abuse
something brewing for this secctor?