KUALA LUMPUR (Aug 8): Bina Puri Holdings Bhd (KL:BPURI), which faces multiple winding-up petitions, said it has sought the Corporate Debt Restructuring Committee’s assistance (CDRC) to mediate between the company and its lenders.
The move is part of the company’s effort to “restore itself to a solid financial position and effectively address its liabilities to ensure future sustainability” said Bina Puri, whose businesses include property development, highway concessions and power supply.
“Since April 2025, Bina Puri has been engaging its lenders to negotiate a debt restructuring scheme acceptable to all its lenders. The company believes that the involvement of CDRC to mediate is necessary at this juncture,” the company said in a…