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6 months ago
BRIEF-Sumatec Resources updates on Maybank's claim on default of associate co's term loan
March 6, 2017 / 9:42 AM / 6 months ago

BRIEF-Sumatec Resources updates on Maybank's claim on default of associate co's term loan

March 6 (Reuters) - Malayan Banking Bhd

* Refers to Maybank's claim that Semua Shipping had defaulted on the term loan granted by Maybank

* Total amount demanded of 121.4 million RGT will not impact sumatec group; if 6 vessels owned by SSSB are sold, financial impact will be minimal

* There will be no material operational impact to Sumatec Group as the amount demanded is not related to the core business Source text (bit.ly/2lRSrLo) Further company coverage:

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