Kinsteel creditors approve proposed scheme of arrangement
KUALA LUMPUR (Dec 19): Troubled steelmaker Kinsteel Bhd's scheme creditors have approved a proposed scheme of arrangement (SOA) that paves the way for the company to exit its Practice Note 17 (PN17) status.
The SOA was approved at a court-convened meeting on Dec 13, said the group in a filing to Bursa Malaysia today.
……Read full article on The Edge Markets - Malaysia
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