one white knight willing to inject large capital in the Barakah, and one secured creditors to support the group restructing, it will be in finalised next month,and will complete in 2-3 months, HOLD !!!!! or tomorrow morning buy to accumulate, once ready its surge above 0.20 cts,
market capitalization only 79 million, debt over $300m !! Eight (8) QR straight losing streak ..donno la what the White Knight can do with this company??..
white knight story and spoken to creditor only, no black and white agreement no use one. be ware.. same league with Sumatec !
KOTA DAMANSARA (April 23): Barakah Offshore Petroleum Bhd has secured a white knight to inject fresh capital into the group under the company's plannned debt restructuring. The edge
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....
Davidyeap
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Posted by Davidyeap > 2019-04-23 18:08 | Report Abuse
(哥打白沙罗23日讯)Barakah Offshore Petroleum Bhd获得一名白武士出手,在公司的债务重组计划向该集团注入新资金。
Barakah代集团总执行长Abdul Rahim Awang表示,该公司还获得债权人对重组计划的支持。
他今日在新闻发布会上指出,Barakah预计将在今年底完成重组。
“我们已与较大的债权人谈过,他们愿意支持我们,所以我们有两个后盾,即白武士和债权人。因此,该计划现在需要敲定,我们正考虑在未来一个月左右完成这一工作。一旦准备就绪,我们将公布计划架构。”
他补充:“我们希望在未来两至三个月内,至少与债权人解决这一问题。我们需要75%的债权人来支持我们的重组计划,我们对此相当有信心。”