Defaults On Debt

The Malaysia gold industry is rife with small players with poor financial control mechanisms that take advantage of lenient financing terms from banks to obtain large loans and subsequently default on their debt.

While the factors that contribute to a high default rate vary, the most common being financial mismanagement and outright fraud, the end result is the same: banks and other financing sources are increasingly reluctant to lend to businesses in gold industry.

The Mega Group, by contrast, has always paid our debts on time and in full, making us one of the rare industry players that banks are still wiling to finance on favourable terms.