Kuala Lumpur-listed Alam Maritime Resources now has until 11 August to submit a Proposed Restructuring Scheme (PRS) to the corporate debt restructuring committee of Bank Negara Malaysia.
The extension of time has been granted to allow the completion of an independent business review (IBR) by financial advisors Ernst & Young.
The IBR report will assess company’s viability and ability to meet its debt obligations to financial institution creditors.
