Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
the real question now is how much would UIMB willing to pay which is acceptable to Bintai? I recalled back in 2024, Datuk Tay mentioned they were looking at rm393 mil valuation back then. I believe this includes settlement of the outstanding debts to bintai and also to bank. if UIMB can secure bank loans with Melaka gov guarantee, shouldn't be an issue to acquire. just whether they agreed with rm393 mil or much lower valuation?
by then, if UIMB can't settle the debts, am sure they would ask for extension or if Bintai disagree, can initiate legal case again and winding up of UIMB operation. but that would be the last resort and no parties would want that. this round probably banks would be part of the negotiation.
they still have time until Jan 15 to pay all the debts if they are not acquiring OPM. it would cont to drag on to Sept 30 for the new charge rate agreement.
