Unown Unown's comment on BINTAI. All Comments
Unown Unown
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UIMB settlement still no news?
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2 days · translate ·
Volcker See
Got already, just the settlement will be delayed until Dec 2028
https://www.klsescreener.com/v2/announcements/view/11641237
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Luke Low
At least the settlement is confirmed and they have a clear runway until 2028 to turn things around
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Eddy Khoo
the settlement isnt confirmed as that is only a proposal by UIMB which has been delaying its debt settlement from March 2026 to Jan 2027 to now Dec 2028. this negotiation has been ongoing since 2023. come Dec 2028, nothing is stopping UIMB from postponing again of its debt settlement as it has been doing so for multiple times. now the next deadline is end Sept 2026 for new charge rate.
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Eddy Khoo
the concession agreement stated that OPM could revise its charge rate every 5 years with minimum increase of 13%. the current charge rate has not been reviewed since 2019. should UIMB refused to honor this, it leaves no room for Bintai but legal suit again
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Cyrus
The guaranteed 13% rate hike is a huge upside waiting to be unlocked once they settle the review. Even if they have to go legal, it just shows how strong their contract leverage is for future gains.
Like · 23 hours · translate