Perdana Petroleum’s share price rise 7.89% after obtaining assistance from CDRC

PETALING JAYA: Perdana Petroleum Bhd’s rose 7.89% this morning after the group said it would obtain assistance from the to mediate with debt holders.

At 11.22am, its share price rose 7.89% or 1.5 sen to 20.5 sen with 5.66 million shares traded.

Yesterday, the group said Bank Negara ’s Corporate Debt Restructuring Committee (CDRC) will mediate between Perdana Petroleum and some of its subsidiaries, with its financial institutions and holders.

The approval letter was received on Monday and it is required to submit a proposed debt restructuring scheme within 60 days.

Source: The Sun Daily

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