Mithril Bhd's RM59 million redeemable convertible secured loan stock was downgraded to B from B+ at Malaysian Rating Corp.
That's five notches below investment grade.
The downgrade reflects continuing losses emerging from its polyurethane...
Swee Joo Bhd and Mithril Bhd have triggered the criteria pursuant to Practice Note No. 17 (PN17) of the Main Market Listing Requirements of Bursa Malaysia Securities.
Swee Joo had announced on Aug 30 that it was considered a PN17 company pursuant...
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