Reference is made to the Company's announcement dated 8 August 2025 and 6 February 2026 in relation to the Corporate Debt Restructuring Committee ("CDRC"), a committee under the purview of Bank Negara Malaysia, and the Company's application for the CDRC's assistance to mediate between the Company and its lenders.

 

Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in previous announcements.

 

The Board of Directors of the Company wishes to announce that the Company has, on 29 June 2026, received a letter from CDRC dated the same day, stating that, pursuant to Section 8.8 of the CDRC Code of Conduct, the Participating Lenders representing at least seventy-five per cent (75%) in value have granted their Approval in Principle ("AIP") to the terms and conditions set out in BPHB's Proposed Restructuring Scheme ("PRS") and that the PRS is henceforth binding on all the Participating Lenders. 

 

For the avoidance of doubt, the AIP provided by the Participating Lenders relates solely to BPHB's PRS as mediated by the CDRC. The Company's Scheme Meeting will be held on 30 June 2026 (or any adjournment thereof) for the Scheme Creditors of the Company to consider and, if thought fit, to approve the Company's Proposed Scheme of Arrangement.

 

Further announcements will be made as and when appropriate.

 

This announcement is dated 29 June 2026.