KUALA LUMPUR: Perdana Petroleum Bhd 
(PPB) is expected to submit a plan to manage its debts within 60 days after getting help from Corporate Debt Restructuring Committee (CDRC) of Bank Negara to negotiate with its lenders.
The company, in a filing with Bursa Malaysia today, said it had received the approval from CDRC on July 2.
This admission to CDRC is consistent with PPBs strategy to streamline its operations and optimise its financial resources to focus and proactively enhance its offshore marine support services segment, it said.
It is a follow-on from the companys previous successful cost rationalised initiative which has had a positive impact on the companys financials, it added.
PPB is required to submit a proposed debt restru…
Read the full article at: https://www.thestar.com.my/business/business-news/2018/07/04/perdana-petroleum-gets-cdrc-help-to-restructure-debts/