The company said it owed MYR 3.1m ($1.04m)in interest plus penalty charges as of 31 December 2012 to Fulcrum Capital and anotherMYR 798,000 in redeemable unsecured loan stocks (RULS).
Fulcrum has appointed a receiver to manageone of Global’s property companies.
The shipping company blamed tight cash flow for its arrears, but added:“So far no serious action has been taken by RULS holders.”
The
