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(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")

Oct 28, 2010

Date Announced : 28/10/2010  



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 announcements dated 23 July 2010 and 15 September 2010.)
   
 

Announcement Details :

We refer to the announcements dated 23 July 2010 and 15 September 2010 in relation to the Proposals.

On behalf of Ekovest, CIMB wishes to announce that:

(i)             Ekovest had today, completed the subscription of RM35 million Junior Bonds issued by Kesturi; and

(ii)            the expiry date of the Kesturi RPS A has been extended for an additional period of 4 years from 19 September 2026 to 19 September 2030.

This announcement is dated 28 October 2010.

 

 

 

 

 

 

 

 
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