Seacera gets letter of demand to pay RM12.85m loan from AmBank Islamic

KUALA LUMPUR (May 10): Seacera Group Bhd has been a served a letter of demand for payment of RM12.85 million by Ambank Islamic Bhd.

In a filing to the stock exchange today, Seacera said the payment was in respect of total amount outstanding and due payable under the Murabahah Tawarruq Term Financing-i, Murabahah Tawarruq Cashline-i and Multi Trade Finance Facilities-i.

"The company is required to settle full settlement within seven (7) days from May 9, failing which AmBank Islamic Bhd shall proceed with necessary action as deemed fit and all costs to be incurred by the company.

"The company is seeking legal advice on the matter," it said.

Click here for more property stories.

  1. Seacera says two directors resigned due to personal reasons
  2. Seacera to partner OCR for RM10 bil Semenyih development
  3. Tan Wei Lian has not engaged Seacera on RM30m injection plan, co says