Bursa
Announcements

(i) Proposed Cash Subscription Of Up To RM35 Million In Nominal Value Of Redeemable Secured Junior Bonds To Be Issued By Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd ("Kesturi") ("Proposed Junior Bonds Subscription"); And

(ii) Proposed Extension On Tenure of Redeemable Preference Shares Series A Of RM1.00 Each In Kesturi ("Proposed Extension")

(Collectively The "proposals")

Sep 15, 2010

Date Announced
:
15/09/2010  




Type
:
Announcement
Subject
:
EKOVEST BERHAD (“EKOVEST”)

(I) PROPOSED CASH SUBSCRIPTION OF UP TO RM35 MILLION IN NOMINAL VALUE OF REDEEMABLE SECURED JUNIOR BONDS TO BE ISSUED BY KONSORTIUM LEBUHRAYA UTARA-TIMUR (KL) SDN BHD (“KESTURI”) (“PROPOSED JUNIOR BONDS SUBSCRIPTION”); AND

(II) PROPOSED EXTENSION ON TENURE OF REDEEMABLE PREFERENCE SHARES SERIES A OF RM1.00 EACH IN KESTURI (“PROPOSED EXTENSION”)

(COLLECTIVELY THE “PROPOSALS”)

Contents
:
(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in the announcement dated 23 July 2010.)

Announcement Details :

We refer to the announcement dated 23 July 2010 in relation to the proposed cash subscription by Ekovest of up to RM35 million in nominal value of redeemable secured Junior Sukuk to be issued by Kesturi (“Proposed Junior Sukuk Subscription”).

On behalf of Ekovest, we wish to announce that the Ekovest Group had today:

(i)             entered into a supplemental placement agreement with Kesturi and CIMB to replace the Proposed Junior Sukuk Subscription with the Proposed Junior Bonds Subscription; and

(ii)            accepted Kesturi’s request for the Proposed Extension subject to approval being obtained from the shareholders of Ekovest.

Further details of the announcement are set out in the attachments enclosed.

Attachments

  1. EKOVEST150910a.pdf (Size: 107,009 bytes)
  2. EKOVEST150910b.pdf (Size: 95,735 bytes)
  3. EKOVEST150910c.pdf (Size: 60,609 bytes)
  4. EKOVEST150910d.pdf (Size: 67,900 bytes)
Back