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2021-12-17

AGV Group unit receives RM1.6m letter of demand from RHB Bank

CATALIST-LISTED AGV Group's indirect subsidiary AGV Galvanizing has received a letter of demand for

AGV Group unit receives RM1.6m letter of demand from RHB Bank

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Because of the default and breach in contract, the facilities were recalled and terminated.\nAGV Group disclosed that the bank had demanded the sum, together with interest and legal fees, to be paid within 21 days from Dec 13. 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