News
Advance Synergy Berhad ("ASB" Or "The Company") - Proposed Rrestructuring Involving The bank Borrowings In Us Dollars, Australian Dollars And Ringgit Malaysia Of ASB And Five (5) Of Its Subsidiaries By Way Of An Issue Of Redeemable Loan Stocks And Convertible Loan Stocks With Detachable Warrants ("Proposed Restructuring Of Bank Borrowings"); And - Proposed Renounceable Restricted Offer For Sale Of The Rights To Allotment Of Up To A Maximum Of Approximately 168.897 Million Warrants After The Proposed Restructuring Of Bank Borrowings By The Lenders To The Entitled Stockholders of ASB ("Proposed Renounceable Offer For Sale Of Warrants")
BackApr 28, 2000
| General Announcement Reference No MM-000428-65049 |
| Submitting Merchant Bank | : | PERDANA MERCHANT BANKERS BERHAD |
| Company Name | : | ADVANCE SYNERGY BERHAD |
| Stock Name | : | ASB |
| Date Announced | : | 28/04/2000 |
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| Type | : | Announcement |
| Subject | : | ADVANCE SYNERGY BERHAD ("ASB" or "the Company") - Proposed Restructuring Involving The Bank Borrowings in US Dollars, Australian Dollars And Ringgit Malaysia Of ASB And Five (5) Of Its Subsidiaries By Way Of An Issue Of Redeemable Loan Stocks And Convertible Loan Stocks With Detachable Warrants ("Proposed Restructuring of Bank Borrowings"); And - Proposed Renounceable Restricted Offer For Sale Of The Rights To Allotment Of Up To A Maximum Of Approximately 168.897 Million Warrants After The Proposed Restructuring Of Bank Borrowings By The Lenders To The Entitled Stockholders Of ASB ("Proposed Renounceable Offer for Sale of Warrants") |
Contents :
Perdana Merchant Bankers Berhad is pleased to announce on behalf of ASB that the following resolutions as stated in the Notice of Extraordinary General Meeting ("EGM") dated 11 April 2000 and tabled at the EGM of the Company held on Friday, 28 April 2000 at 10.30 a.m. have been duly passed by the stockholders:-
? Proposed Restructuring of Bank Borrowings;
? Proposed Renounceable Offer for Sale of Warrants; and
? Authority to allot and issue new warrants pursuant to the adjustments under the provisions in the Warrants Deed Poll and to allot and issue new stock units in accordance with the terms of the CLS Deed Poll and the Warrants Deed Poll.