Bina Puri Holdings Bhd announced that it has obtained approval-in-principle (AIP) for its Proposed Restructuring Scheme (PRS) from its participating lenders.
The construction and infrastructure company announced today that it received a formal letter from the Corporate Debt Restructuring Committee—an agency under the purview of Bank Negara Malaysia.
According to the statement, participating lenders representing at least 75% in total debt value have granted their AIP to the terms and conditions outlined in the PRS. This threshold renders the restructuring scheme legally binding on all participating lenders involved in the mediation.
The company clarified that this specific approval pertains strictly to the debt restructuring scheme mediated via the CDRC platform.
Following this breakthrough, Bina Puri is scheduled to host a pivotal Scheme Meeting tomorrow, June 30, 2026. During this session, the company’s scheme creditors will formally convene to deliberate, review, and ultimately vote on the approval of the Company’s Proposed Scheme of Arrangement.
This development follows an ongoing restructuring journey that initially commenced with Bina Puri’s formal applications to the CDRC in August 2025 and subsequent updates in February 2026.
