We refer to the previous monthly announcements in relation to BHB’s default in payment in its banking facilities.
The Board of Directors of the Company (“Board”) wishes to inform that further to the announcement dated 1 June 2021, the indulgence granted by OCBC Al-Amin Bank Berhad (“OCBC”) to withhold legal action against the Company expired on 1 November 2021. BHB and OCBC are in discussions to extend the indulgence and an announcement will be released in due course.
Save for the above, there are no material developments on the status of default in payment at the date of this announcement.
This announcement is dated 1 November 2021.