Friday 18 March 2011

Ramunia gets extension for plan

Bursa Securities has given Ramunia Holdings Bhd an extension to July 13 to submit its regularisation plan to the authorities, the latter said in a filing with the exchange yesterday.

Last year the oil and gas concern sold off its fabrication yard and machinery to Sime Darby for RM515mil, most of which to be used for paying off creditors.