As businesses continue to be affected by the new normal, many are expected to restructure their debts after the moratorium ends on Sept 30
by NUR HANANI AZMAN / pic by RAZAK GHAZALI
MORE corporates are expected to descend into defaults as the business disruption brought about by the Covid-19 pandemic continuing to unfold resulting in significant financial and operational restructuring across many industries.
Ernst & Young (EY) PLT (turnaround and restructuring strategy) senior ED Khoo Poh Poh said while the banks continue to extend support to viable businesses, it is paramount that companies equip themselves with the right competencies, experiences and resources to navigate the complexities of financial restructuring and turnarounds.
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Read the full article at: https://themalaysianreserve.com/2020/09/28/scale-of-corporate-default-restructuring-will-rise/