Perwaja Steel closer to finalising debt deal with Malaysian utility

Malaysia's Perwaja Holdings said its wholly-owned subsidiary Perwaja Steel is a step closer to finalising an agreement with Tenaga Nasional to pay off debts due to the state-run utility company.

The steelmaker denied a news report that it had secured a deal with Tenaga in a filing on Monday February 17 to Bursa Malaysia Securities, the country’s stock exchange. 


Weilyn Loo

February 18, 2014

14:29 GMT