Malaysian company Syarikat Prasarana Negara has embarked on a massive restructuring plan that will see the country’s biggest urban public transport asset owner and operator attain more financial sustainability, alleviate the heavy burden of its debt and have a better grip on its operations.
Group managing director Datuk Shahril Mokhtar said Prasarana had issued a total of about RM10 billion of bonds and sukuk for the past decade and was paying about RM400 million in interest per year.
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