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UIMB trying to extend settlement to Dec 2028. keep delaying again and again. it now depends if Bintai wanna to take legal action after end Sept since UIMB willing to negotiate the new charge rate by then.
seem quiet. if good news, should have started trading with high volume. seem no high trading or speculation from the market. probably nothing would be announced or got delayed or postponed by UIMB again.
the real question now is how much would UIMB willing to pay which is acceptable to Bintai? I recalled back in 2024, Datuk Tay mentioned they were looking at rm393 mil valuation back then. I believe this includes settlement of the outstanding debts to bintai and also to bank. if UIMB can secure bank loans with Melaka gov guarantee, shouldn't be an issue to acquire. just whether they agreed with rm393 mil or much lower valuation?
by then, if UIMB can't settle the debts, am sure they would ask for extension or if Bintai disagree, can initiate legal case again and winding up of UIMB operation. but that would be the last resort and no parties would want that. this round probably banks would be part of the negotiation.
they still have time until Jan 15 to pay all the debts if they are not acquiring OPM. it would cont to drag on to Sept 30 for the new charge rate agreement.
