Reuters reported last week that a group of lessors had rejected the restructuring plan that involved steep discounts, bringing the carrier closer to a … Business restructuring — whether that be an operational turnaround or a financial restructuring — can be a vital tool in preserving value for a company and its stakeholders. Overview on restructuring and corporate rescue options for businesses in Malaysia. MORE companies may seek to restructure their financial positions and operations to avoid going out of business as the Covid-19 pandemic takes Malaysia into its first recession since the 2008/09 global financial crisis. With the current economic climate in Malaysia, many Small Medium Enterprises (SMEs) have experienced a significant drop in income and many business owners are considering to wind up or close down the business entirely due to increasing pressure from creditors on outstanding payments and staff payroll … ... Head of Restructuring Services, KPMG in Malaysia, Petaling Jaya, Selangor. Briefly, business restructuring can happen in the following manner: (i) Operational restructuring Operational restructuring is a corporate action taken to significantly modify the structure or the operations of the company, which usually happens when a company is facing significant problems and is in financial jeopardy. Malaysia Airlines restructuring talks prolonged, CEO tells staff. To complete the series, I now feature the top five restructuring and insolvency cases in Malaysia for 2019. How we add value. Malaysia’s national airline is seeking to restructure its business after the coronavirus pandemic forced it to slash its operations. KUALA LUMPUR – Malaysia Airlines Bhd (MAB) has embarked on an urgent restructuring exercise to maintain its relevance and survival after being forced to revise its long-term business plan to mitigate the economic fallout brought by the Covid-19 pandemic. By applying strategic business and know-how, we assist in the restructuring of organizations facing change and crisis. has reached out to lessors, creditors and key suppliers as part of its “urgent” restructuring exercise as it sees little sign of the pandemic easing. In 2019, we saw further developments interpreting the insolvency-related provisions of the Companies Act 2016 (CA 2016). Your business may need some restructuring, whether by improving your organizational structure or making internal operations more efficient. Transaction Services . Malaysia Airlines Bhd. At Mazars we help you with your business restructuring issues. Read more at The Business Times. Malaysia's national airline is seeking to restructure its business after the coronavirus pandemic forced it to slash its operations. We advise clients that are underperforming, under financial stress or experiencing financial distress. 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