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Article: Kamdar trying to convince creditors
- Article from:
- New Straits Times
- Article date:
- June 28, 2008
- Author:
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Presenna Nambiar
New Straits Times
06-28-2008
Kamdar trying to convince creditors
Byline: Presenna Nambiar
Edition: Main/Lifestyle
Section: Business Times
Type: Company
APPAREL and furnishing company Kamdar Group (M) Bhd is trying to convince creditors to allow it to pay dividends.
"I can't really disclose what we are talking about, but we are looking at all avenues to resolve the matter," Kamdar chief executive officer and executive director Jayesh R. Kamdar told reporters in Kuala Lumpur yesterday.
Kamdar announced in April that it would pay a first and final dividend of five per cent. It, however, scrapped the plan this month as it failed to get approval from bondholders.
Meanwhile, Jayesh ...