Bina Puri Holdings Bhd (BPHB) has received approval from Bank Negara Malaysia’s Corporate Debt Restructuring Committee (CDRC) to mediate negotiations with its lenders as part of its ongoing debt restructuring plan.
In a filing today, the company said the move is intended to strengthen its financial position and address outstanding liabilities to secure long-term sustainability.
BPHB has been in discussions with lenders since April 2025 to develop a mutually acceptable restructuring scheme. It now sees CDRC’s involvement as key to facilitating a resolution.
Under the approval terms, BPHB must adhere to the CDRC Participant’s Code of Conduct, submit a proposed restructuring plan to lenders within 60 days, and observe a six-month Informal Standstill Agreement — extendable at CDRC’s discretion.
The mediation will follow CDRC’s guidelines, with the company’s operations continuing as usual throughout the process.
