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boss kept buying from open market. another two weeks b4 the deadline for uni melaka settlement. this is the outstanding debts thay caused Bintai to fall into PN17 status.
3 more weeks to settle the Uni Melaka debts and new charge rate as already gave 2 months extension. as per agreement back in 2024, if no agreement on the new charge rate, Uni Melaka would have to settle all the outstanding debts by end June.
by end this month should have news on this new charge rate and debts. if still no news that would mean Uni Melaka is going to settle all the outstanding debts in June and may terminate the concession with compensation. alternatively they may come out with another debts settlement plan for the next 12-18 months just like back in 2024.
seems UIMB is unable to settle the outstanding loan or to review a new charge rate and kept extending the timeline by dangling rm600k-700k monthly repayment which was at first owed to Bintai. good that Bintai set conditions for such extension and need to be agreed and approved by 29 June or else no more game play by UIMB.