RHYTHM - MATERIAL LITIGATIONS
Announcement Type: General Announcement
Company Name: RHYTHM CONSOLIDATED BERHAD
Stock Name: RHYTHM
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: MATERIAL LITIGATIONS
Contents: Further to our announcements dated 24 April 2009, 7 May 2009 and subsequent announcements on the update of the material litigations, Rhythm Consolidated Berhad ("RCB" or "Company") wishes to announce the updates on the material litigations. Please refer to the attached file for details.
This announcement is dated 1 July 2010.
Attachments: material litigations june 2010.doc
Company Name: RHYTHM CONSOLIDATED BERHAD
Stock Name: RHYTHM
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: MATERIAL LITIGATIONS
Contents: Further to our announcements dated 24 April 2009, 7 May 2009 and subsequent announcements on the update of the material litigations, Rhythm Consolidated Berhad ("RCB" or "Company") wishes to announce the updates on the material litigations. Please refer to the attached file for details.
This announcement is dated 1 July 2010.
Attachments: material litigations june 2010.doc
SILVER - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: KAF INVESTMENT BANK BERHAD
Company Name: SILVER BIRD GROUP BERHAD
Stock Name: SILVER
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: SILVER BIRD GROUP BERHAD ("SILVER BIRD" OR THE "COMPANY")
- PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SILVER BIRD ("PROPOSED PRIVATE PLACEMENT")
Contents: We refer to the announcements made by KAF Investment Bank Berhad ("KAF"), on behalf of the Company on 27 May 2010 and 18 June 2010.
Submitting Merchant Bank: KAF INVESTMENT BANK BERHAD
Company Name: SILVER BIRD GROUP BERHAD
Stock Name: SILVER
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: SILVER BIRD GROUP BERHAD ("SILVER BIRD" OR THE "COMPANY")
- PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SILVER BIRD ("PROPOSED PRIVATE PLACEMENT")
Contents: We refer to the announcements made by KAF Investment Bank Berhad ("KAF"), on behalf of the Company on 27 May 2010 and 18 June 2010.
LIMAHSN - General Announcement
Announcement Type: General Announcement
Company Name: LIMAHSOON BERHAD
Stock Name: LIMAHSN
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: LIMAHSOON BERHAD ("LIMAHSN" or "the Company")
- Monthly announcement pursuant to Practice Note 17 ("PN17") of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad ("Bursa Securities")
Contents: We refer to LIMAHSN's First Announcement made on 30 December 2009 pursuant to PN17 and its subsequent monthly announcements pursuant to Paragraph 4.4 of PN17 of the MMLR of Bursa Securities.
LIMAHSN wishes to inform Bursa Securities that discussions with the creditors and NSK Group of Companies are in progress in respect of the Regularisation Plan.
The Company has approximately another six (6) months to submit its Regularisation Plan to the relevant authorities for approval.
This announcement is dated 1 July 2010.
Company Name: LIMAHSOON BERHAD
Stock Name: LIMAHSN
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: LIMAHSOON BERHAD ("LIMAHSN" or "the Company")
- Monthly announcement pursuant to Practice Note 17 ("PN17") of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad ("Bursa Securities")
Contents: We refer to LIMAHSN's First Announcement made on 30 December 2009 pursuant to PN17 and its subsequent monthly announcements pursuant to Paragraph 4.4 of PN17 of the MMLR of Bursa Securities.
LIMAHSN wishes to inform Bursa Securities that discussions with the creditors and NSK Group of Companies are in progress in respect of the Regularisation Plan.
The Company has approximately another six (6) months to submit its Regularisation Plan to the relevant authorities for approval.
This announcement is dated 1 July 2010.
LIMAHSN - General Announcement
Announcement Type: General Announcement
Company Name: LIMAHSOON BERHAD
Stock Name: LIMAHSN
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: LIMAHSOON BERHAD ("LIMAHSN" or "the Company")
- Monthly announcement on the status of default in payment pursuant to Practice Note 1 ("PN1") of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Pursuant to the monthly announcement on the status of Default in Payment pursuant to PN1, the Board of Directors of LIMAHSN wishes to inform of the default in payment from the following banks:
(i) AmBank (M) Berhad
(ii) RHB Bank Berhad
(iii) Malaysian Industrial Development Finance Berhad
Please refer to the attached table below in respect of the nature of default and its current status.
This announcement is dated 1 July 2010.
Attachments: LAS PN1 Status of Default.pdf
Company Name: LIMAHSOON BERHAD
Stock Name: LIMAHSN
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: LIMAHSOON BERHAD ("LIMAHSN" or "the Company")
- Monthly announcement on the status of default in payment pursuant to Practice Note 1 ("PN1") of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Pursuant to the monthly announcement on the status of Default in Payment pursuant to PN1, the Board of Directors of LIMAHSN wishes to inform of the default in payment from the following banks:
(i) AmBank (M) Berhad
(ii) RHB Bank Berhad
(iii) Malaysian Industrial Development Finance Berhad
Please refer to the attached table below in respect of the nature of default and its current status.
This announcement is dated 1 July 2010.
Attachments: LAS PN1 Status of Default.pdf
HOVID - General Announcement
Announcement Type: General Announcement
Company Name: HOVID BERHAD
Stock Name: HOVID
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: HOVID BERHAD ("HOVID" or "the Company")
Announcement pursuant to Practice Note No. 1 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: HOVID BERHAD ("HOVID" or "the Company")
Announcement pursuant to Practice Note No. 1 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Company Name: HOVID BERHAD
Stock Name: HOVID
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: HOVID BERHAD ("HOVID" or "the Company")
Announcement pursuant to Practice Note No. 1 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: HOVID BERHAD ("HOVID" or "the Company")
Announcement pursuant to Practice Note No. 1 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
NGIUKEE - General Announcement
Announcement Type: General Announcement
Company Name: NGIU KEE CORPORATION (M) BERHAD
Stock Name: NGIUKEE
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: NGIU KEE CORPORATION (M) BERHAD ("NKCB" or "the Company")
- DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Contents: 1. INTRODUCTION
Further to our announcement dated 11 August 2009, the Board of Directors of NKCB ("the Board") wishes to announce that as at to date the Company has paid a sum of RM4,320,240 million and leaving a balance of RM13,958,839 million as at 30 June 2010.
The Company wishes to announce that Ngiu Kee Sdn Bhd ("NKSB") a wholly owned subsidiary of the Company has failed to meet the payment of RM13,958,839 due and payable on 30 June 2010 to Bank Islam Malaysia Berhad.
The Company is required to make an announcement pursuant to Paragraph 2.1 (d) of Practice Note 1 ("PN 1") of the Main Market Listing Requirements ("Listing Requirements") of Bursa Malaysia Securities Berhad ("Bursa Securities")
2. DETAILS OF DEFAULT
The Company provides herewith the following details in compliance with Paragraph 3.1 of PN1 of the Listing Requirement of Bursa Securities.
a) Date of Default
The date of default is 30 June 2010.
b) Reason for the Default
The Company does not have sufficient funds to meet the payment due amounting to RM13,958,839 million as at 1st July 2010.
c) Measures by the Company to address the Default
Prior to the default in payment, the Company has been in regular negotiations with the Financial Institution to reschedule the loan. The Company will continue to engage the Financial Institution for their consideration to agree to our proposal.
d) The legal implications of the Default
The default will empower the debenture holder to appoint a Receiver to NKSB and the Board will require legal advice to determine the extent of legal implications and will make the relevant announcement once such advice is obtained.
e) The business, financial and operational impact of the Default on the Company
The Company is unable to ascertain the business, financial and operational impact of the default on the Company for the time being.
f) In the event the Default is in respect of secured loan stocks or bonds, the lines of action available to the guarantors or security holders against the listed issuer.
The event of default is not in respect of secured loan stocks or bonds.
g) In the event the Default is in respect of payments under a debenture, to specify whether the Default will empower the debenture holder to appoint a receiver or receiver and manager.
The default will empower the debenture holder to appoint a Receiver to NKSB.
h) Whether the Default constitutes an event of default under a different agreement for indebtedness ("Cross Default") and the details for such other default, where applicable.
The default of payment may trigger a cross default by other banks as indicated in Table A.
i) Where the default is in respect of a subsidiary or associated company, a confirmation as to whether the subsidiary or associated company is a major subsidiary or major associated company, as the case may be.
The default occurred with respect to the repayment of sum due on banking facilities of a wholly owned subsidiary of the Company.
j) Where the Default is in respect of the Company, major subsidiary or major associated company, as the case may be, a statement as to whether the Company is solvent ("Solvency Declaration")
The Directors are of the opinion that the Company will not be able to meet all its debts to the Financial Institution as and when they fall due within the period of 12 months from the date of this announcement. Save for the default with the Financial Institution, the Company will be able to meet all the trading commitment to its suppliers.
k) Other Information
The Company shall update on a monthly basis the status of the Default and the steps taken to address the Default until such time when the Default is remedied.
Company Name: NGIU KEE CORPORATION (M) BERHAD
Stock Name: NGIUKEE
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: NGIU KEE CORPORATION (M) BERHAD ("NKCB" or "the Company")
- DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Contents: 1. INTRODUCTION
Further to our announcement dated 11 August 2009, the Board of Directors of NKCB ("the Board") wishes to announce that as at to date the Company has paid a sum of RM4,320,240 million and leaving a balance of RM13,958,839 million as at 30 June 2010.
The Company wishes to announce that Ngiu Kee Sdn Bhd ("NKSB") a wholly owned subsidiary of the Company has failed to meet the payment of RM13,958,839 due and payable on 30 June 2010 to Bank Islam Malaysia Berhad.
The Company is required to make an announcement pursuant to Paragraph 2.1 (d) of Practice Note 1 ("PN 1") of the Main Market Listing Requirements ("Listing Requirements") of Bursa Malaysia Securities Berhad ("Bursa Securities")
2. DETAILS OF DEFAULT
The Company provides herewith the following details in compliance with Paragraph 3.1 of PN1 of the Listing Requirement of Bursa Securities.
a) Date of Default
The date of default is 30 June 2010.
b) Reason for the Default
The Company does not have sufficient funds to meet the payment due amounting to RM13,958,839 million as at 1st July 2010.
c) Measures by the Company to address the Default
Prior to the default in payment, the Company has been in regular negotiations with the Financial Institution to reschedule the loan. The Company will continue to engage the Financial Institution for their consideration to agree to our proposal.
d) The legal implications of the Default
The default will empower the debenture holder to appoint a Receiver to NKSB and the Board will require legal advice to determine the extent of legal implications and will make the relevant announcement once such advice is obtained.
e) The business, financial and operational impact of the Default on the Company
The Company is unable to ascertain the business, financial and operational impact of the default on the Company for the time being.
f) In the event the Default is in respect of secured loan stocks or bonds, the lines of action available to the guarantors or security holders against the listed issuer.
The event of default is not in respect of secured loan stocks or bonds.
g) In the event the Default is in respect of payments under a debenture, to specify whether the Default will empower the debenture holder to appoint a receiver or receiver and manager.
The default will empower the debenture holder to appoint a Receiver to NKSB.
h) Whether the Default constitutes an event of default under a different agreement for indebtedness ("Cross Default") and the details for such other default, where applicable.
The default of payment may trigger a cross default by other banks as indicated in Table A.
i) Where the default is in respect of a subsidiary or associated company, a confirmation as to whether the subsidiary or associated company is a major subsidiary or major associated company, as the case may be.
The default occurred with respect to the repayment of sum due on banking facilities of a wholly owned subsidiary of the Company.
j) Where the Default is in respect of the Company, major subsidiary or major associated company, as the case may be, a statement as to whether the Company is solvent ("Solvency Declaration")
The Directors are of the opinion that the Company will not be able to meet all its debts to the Financial Institution as and when they fall due within the period of 12 months from the date of this announcement. Save for the default with the Financial Institution, the Company will be able to meet all the trading commitment to its suppliers.
k) Other Information
The Company shall update on a monthly basis the status of the Default and the steps taken to address the Default until such time when the Default is remedied.
NGIUKEE - General Announcement
Announcement Type: General Announcement
Company Name: NGIU KEE CORPORATION (M) BERHAD
Stock Name: NGIUKEE
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: NGIU KEE CORPORATION (M) BERHAD ("NKCB" or "the Company")
-Announcement Pursuant to Practice Note 17
("First Announcement")
Contents: 1. INTRODUCTION
The Board of Directors of NKCB wishes to announce that subsequent to the announcement on 1 July 2010 and pursuant to the Paragraph 8.04 and Paragraph 2.1(f) of Practice Note 17 ("PN17") of the Main Market Listing Requirements ("LR") of Bursa Malaysia Securities Berhad ("Bursa Securities"), NKCB has triggered one of the prescribed criteria under paragraph 2.1(f) where a default in payment by a listed issuer, its major subsidiary or major associated company. As such, NKCB is now classified as a PN17 company.
2. OBLIGATIONS OF THE COMPANY AS A PN17 COMPANY PURSUANT TO PN17
NKCB is required to comply with the following obligations pursuant to Paragraph 3.1 and 4.1 of PN17:
(a) To regularise its conditions by undertaking a regularisation plan ("Regularisation Plan") and the Company and its Principal Adviser must ensure that the Regularisation Plan is sufficiently comprehensive and capable of resolving all problems, financial or otherwise that has caused the Company to trigger PN17. Such Regularisation Plan must be fair and reasonable to the Company and its shareholders and will increase shareholder value
(b) To submit the Regularisation Plan within 12 months from the date of this First Announcement ("Submission Timeframe") and to implement the Regularisation Plan within the timeframe stipulated by the Approving Authorities ("Implementation Timeframe")
(c) To make the following announcements:
(i) within three (3) months from the First Announcement, on whether the Regularisation Plan will result in a significant change in the business direction or policy of the Company;
(ii) the status of NKCB's Regularisation Plan and the number of months to the end of the Submission Timeframe on a monthly basis (Monthly Announcement") until further notice from Bursa Securities.
(iii) its compliance or non-compliance with a particular obligation imposed pursuant to the PN17 on an immediate basis;
(iv) the details of the Regularisation Plan ("Requisite Announcement"), which shall include the timeline for the complete implementation of the Regularisation Plan. The Requisite Announcement must be made by the Company's Principal Adviser.
3. CONSEQUENCE OF NON-COMPLIANCE WITH THE OBLIGATIONS
In the event the Company fails to comply with the obligations to regularise its conditions, Bursa Securities will suspend the trading of the Company's listed securities immediately from the date of notification of suspension by Bursa Securities and de-listing procedures shall be taken against the Company, subject to the Company's right to appeal against the de-listing.
4. STATUS OF PLAN TO REGULARISE CONDITION
The Board of Directors of NKCB is looking into formulating a regularization plan to regularize the financial condition of the Company. Upon completion, the requisite announcement detailing the regularization plan shall be announced to Bursa Securities in due course.
This announcement is dated 1 July 2010.
Company Name: NGIU KEE CORPORATION (M) BERHAD
Stock Name: NGIUKEE
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: NGIU KEE CORPORATION (M) BERHAD ("NKCB" or "the Company")
-Announcement Pursuant to Practice Note 17
("First Announcement")
Contents: 1. INTRODUCTION
The Board of Directors of NKCB wishes to announce that subsequent to the announcement on 1 July 2010 and pursuant to the Paragraph 8.04 and Paragraph 2.1(f) of Practice Note 17 ("PN17") of the Main Market Listing Requirements ("LR") of Bursa Malaysia Securities Berhad ("Bursa Securities"), NKCB has triggered one of the prescribed criteria under paragraph 2.1(f) where a default in payment by a listed issuer, its major subsidiary or major associated company. As such, NKCB is now classified as a PN17 company.
2. OBLIGATIONS OF THE COMPANY AS A PN17 COMPANY PURSUANT TO PN17
NKCB is required to comply with the following obligations pursuant to Paragraph 3.1 and 4.1 of PN17:
(a) To regularise its conditions by undertaking a regularisation plan ("Regularisation Plan") and the Company and its Principal Adviser must ensure that the Regularisation Plan is sufficiently comprehensive and capable of resolving all problems, financial or otherwise that has caused the Company to trigger PN17. Such Regularisation Plan must be fair and reasonable to the Company and its shareholders and will increase shareholder value
(b) To submit the Regularisation Plan within 12 months from the date of this First Announcement ("Submission Timeframe") and to implement the Regularisation Plan within the timeframe stipulated by the Approving Authorities ("Implementation Timeframe")
(c) To make the following announcements:
(i) within three (3) months from the First Announcement, on whether the Regularisation Plan will result in a significant change in the business direction or policy of the Company;
(ii) the status of NKCB's Regularisation Plan and the number of months to the end of the Submission Timeframe on a monthly basis (Monthly Announcement") until further notice from Bursa Securities.
(iii) its compliance or non-compliance with a particular obligation imposed pursuant to the PN17 on an immediate basis;
(iv) the details of the Regularisation Plan ("Requisite Announcement"), which shall include the timeline for the complete implementation of the Regularisation Plan. The Requisite Announcement must be made by the Company's Principal Adviser.
3. CONSEQUENCE OF NON-COMPLIANCE WITH THE OBLIGATIONS
In the event the Company fails to comply with the obligations to regularise its conditions, Bursa Securities will suspend the trading of the Company's listed securities immediately from the date of notification of suspension by Bursa Securities and de-listing procedures shall be taken against the Company, subject to the Company's right to appeal against the de-listing.
4. STATUS OF PLAN TO REGULARISE CONDITION
The Board of Directors of NKCB is looking into formulating a regularization plan to regularize the financial condition of the Company. Upon completion, the requisite announcement detailing the regularization plan shall be announced to Bursa Securities in due course.
This announcement is dated 1 July 2010.
HIRO - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: HIROTAKO HOLDINGS BHD
Stock Name: HIRO
Date Announced: 01/07/2010
Announcement Detail:
Date of buy back: 01/07/2010
Description of shares purchased: ordinary shares
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 11,500
Minimum price paid for each share purchased ($$): 0.995
Maximum price paid for each share purchased ($$): 1.010
Total consideration paid ($$): 11,581.09
Number of shares purchased retained in treasury (units): 11,500
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 1,085,060
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.61
Company Name: HIROTAKO HOLDINGS BHD
Stock Name: HIRO
Date Announced: 01/07/2010
Announcement Detail:
Date of buy back: 01/07/2010
Description of shares purchased: ordinary shares
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 11,500
Minimum price paid for each share purchased ($$): 0.995
Maximum price paid for each share purchased ($$): 1.010
Total consideration paid ($$): 11,581.09
Number of shares purchased retained in treasury (units): 11,500
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 1,085,060
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.61
MAXBIZ - General Announcement
Announcement Type: General Announcement
Company Name: MAXBIZ CORPORATION BERHAD
Stock Name: MAXBIZ
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: MAXBIZ CORPORATION BERHAD ("MAXBIZ" OR "THE COMPANY")
- Monthly Status Announcement on Default in Payment Pursuant to Practice Note 1
Contents: We act for and on behalf of MAXBIZ.
Further to MAXBIZ's announcements made on 1 June 2010 and 16 June 2010, the Board of Directors of MAXBIZ wishes to inform that there are no changes in the status of the default in payment in relation to the following :-
(a) The redemption of 50% of the nominal amount of the RM3.0 million 2 years 5% Redeemable Unsecured Loan Stocks (RULS) from the RULS holders;
(b) The repayment of arrears of the Term Loan facility of RM5,000,000.00 granted by CIMB Bank Berhad (Formerly known as Bumiputra-Commerce Bank Berhad) to M.K.K. Industries Sdn. Bhd., a wholly-owned subsidiary of the Company, whereby the amount owing as at 28 February 2007 was RM1,720,740.80; and
(c) The demand of the sum of RM23,070,388.38 (including principal sum of RM22,615,598.00) as at 8 October 2006 with interest on RM22,615,598.00 at the rate of 2% per annum from 9 October 2006 to 6 October 2009 and an additional late payment interest of 1% per annum on all overdue sums from 9 October 2006 to date of full payment under the Trust Deed dated 16 July 2004 (constituting RM22,615,598.00 nominal amount of 5 years 2% Redeemable Convertible Secured Loan Stock 2004/2009) (RCSLS) between MAXBIZ and Pacific Trustees Berhad, who is the Trustee for the Holders of the said RCSLS.
This announcement is dated 1 July 2010.
Company Name: MAXBIZ CORPORATION BERHAD
Stock Name: MAXBIZ
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: MAXBIZ CORPORATION BERHAD ("MAXBIZ" OR "THE COMPANY")
- Monthly Status Announcement on Default in Payment Pursuant to Practice Note 1
Contents: We act for and on behalf of MAXBIZ.
Further to MAXBIZ's announcements made on 1 June 2010 and 16 June 2010, the Board of Directors of MAXBIZ wishes to inform that there are no changes in the status of the default in payment in relation to the following :-
(a) The redemption of 50% of the nominal amount of the RM3.0 million 2 years 5% Redeemable Unsecured Loan Stocks (RULS) from the RULS holders;
(b) The repayment of arrears of the Term Loan facility of RM5,000,000.00 granted by CIMB Bank Berhad (Formerly known as Bumiputra-Commerce Bank Berhad) to M.K.K. Industries Sdn. Bhd., a wholly-owned subsidiary of the Company, whereby the amount owing as at 28 February 2007 was RM1,720,740.80; and
(c) The demand of the sum of RM23,070,388.38 (including principal sum of RM22,615,598.00) as at 8 October 2006 with interest on RM22,615,598.00 at the rate of 2% per annum from 9 October 2006 to 6 October 2009 and an additional late payment interest of 1% per annum on all overdue sums from 9 October 2006 to date of full payment under the Trust Deed dated 16 July 2004 (constituting RM22,615,598.00 nominal amount of 5 years 2% Redeemable Convertible Secured Loan Stock 2004/2009) (RCSLS) between MAXBIZ and Pacific Trustees Berhad, who is the Trustee for the Holders of the said RCSLS.
This announcement is dated 1 July 2010.
No comments:
Post a Comment