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. 
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Published

Weilyn Loo

February 18, 2014

14:29 GMT

Singapore