London Biscuits Berhad announced to Bursa Securities that the company has defaulted in its principal payment to OCBC, OCBC Al-Amin, HSBC, UOB, Maybank, and Bank Islam. The banks, dates and amount for the default in payment are: Bank: Bank Islam, Date of Default in payment: 19 June 2019, Amount of Demand: MYR 4,333,918.27, Bank: BOC, Date of Default in payment: 8 July 2019, Amount of Demand: MYR 6,331,155.43, Bank: Maybank, Date of Default in payment: 12 July 2019, Amount of Demand: MYR 6,372,174.96, Bank: UOB, Date of Default in payment: 16 August 2019, Amount of Demand: MYR 29,871,311.48, Bank: OCBC, Date of Default in payment: 23 August 2019, Amount of Demand: MYR 8,188,146.92, Bank: OCBC Al-Amin, Date of Default in payment: 23 August 2019, Amount of Demand: MYR 13,839,846.90, and Bank: HSBC, Date of Default in payment: 20 September 2019, Amount of Demand: MYR 20,256,482.09. Reason for the default in payment is due to cash flow constraint, the Company was not able to meet its obligations to pay banks on a timely manner.