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RM2 billion of outstanding Sukuk is not small sum as already fully utilised. 7-days period very short to remedy to avoid Sukuk default and at the same time prevent cross defaults for all other borrowings. In addition, RM300m + as Collection Agent monies (T+1 Trust monies) owing to RTD remained unresolved to date.
@ JL As margin borrowed on all the previous 30% pledged shareholdings when share price range was ~ 70 Sen to RM1, you can figure out the margin account limit. It would have been fine if SBB have consistently able to maintain the share price range > 70 Sen. However, when forced sale resulted in limit down price of 59 Sen and subsequently below 30 Sen, it was already EndGame when share price dropped to < 18 Sen by end September 2026.