Bina Puri Holdings Bhd announced that its proposed scheme of arrangement in relation to its outstanding liabilities has been approved by the majority of its scheme creditors.
At Bina Puri’s Court Convened Meeting held on June 30 2026, the Scheme was approved by present and voting Scheme Creditors representing RM301.41 million or 87.62% of the total outstanding liabilities addressed under the Scheme.
As the requisite majority of 75% in value of Scheme Creditors present and voting has been obtained, the Scheme has accordingly been approved. The Scheme will become binding on Bina Puri and its Scheme Creditors upon an order of sanction being made by the High Court of Malaya and upon such order being lodged with the Companies Commission of Malaysia. Following today’s approval, Bina Puri has instructed its solicitors to proceed with the filing of the application for sanction of the Scheme.
