This printed article is located at http://ekovest.listedcompany.com/news.html

News

(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.

Back