NIKKO ELECTRONICS IN DEBT DEFAULT (Sin Chew Jit Poh)
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NIKKO ELECTRONICS reported Jul 29, 2008 that the Company had on same date defaulted on a sum of RM466K being bankers’ acceptance facilities owed to MAYBANK ISLAMIC. The Company is classified as a Practice Note 1/2001 company and has total debt defaults of RM4.9m to MALAYAN BANKING as at Jul 29, 2008.
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