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CN Asia subsidiary Southborn Capital reports RM 23 million in loans in default
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CN Asia subsidiary Southborn Capital reports RM 23 million in loans in default
  • CN Asia subsidiary Southborn Capital had RM 23 million in loans in default as of September 30, 2026, representing its entire outstanding portfolio.
  • Defaults rose from RM 19.5 million on October 1, 2025, with RM 3.5 million classified as in default during the financial year.
  • All outstanding loans were unsecured loans to corporations.
  • Total borrowings stood at RM 17.92 million, entirely funded by loans from group companies.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CN Asia Corporation Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3723615) on November 11, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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