Bina Puri proposed RM250mil capital reduction as part of debt restructuring
Photo: New Straits Times
KUALA LUMPUR: Bina Puri Holdings Bhd has proposed a RM250 million share capital reduction to offset accumulated losses as part of a broader debt restructuring exercise involving RM343.98 million of outstanding liabilities.
From the original report
The developer said the proposed share capital reduction entails the reduction of the company's issued share capital via the cancellation of the company's issued share capital of RM250 million.
"The corresponding credit of RM250 million arising from such cancellation will be used to set off the accumulated losses of the company.
…
This is a brief of a report by another newsroom. The excerpt below is from the original.
Read the full report at New Straits Times
New Straits Times
Read the full translated article in Japanese →
Related stories
-
円・リンギット相場 2026年9月1日 — 1 リンギット 39.60 円、前週比 +0.68% Business9/1 15:00
-
Malaysia-Japan trade hits US$23.3b in Jan-July 2026, Johari Ghani pushes deeper economic ties Business9/1 12:58
-
Meta Bright posts 30% net earnings growth in FY6/2026 on higher multi-segment contributions Business8/31 19:34
-
Tajikistan eyes bigger role for Malaysia in Central Asian market Business8/31 18:35
About this story
- Source
- New Straits Times
- Originally published
- Jul 29, 2026
- Updated here
- Aug 15, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
- Corrections
- Corrections log · Report an error