News
Advance Synergy Berhad ("ASB") Proposed Early Redemption Of Redeemable Loan Stocks ("RLS") And Repurchase Of Convertible Loan Stocks ("CLS")
BackApr 29, 2005
| General Announcement Reference No AS-050429-62289 |
| Company Name | : | ADVANCE SYNERGY BERHAD |
| Stock Name | : | ASB |
| Date Announced | : | 29/04/2005 |
 |
|
|
| Type | : | Announcement |
| Subject | : | ADVANCE SYNERGY BERHAD ("ASB") Proposed early redemption of Redeemable Loan Stocks ("RLS") and repurchase of Convertible Loan Stocks ("CLS") |
Contents :
Further to our announcement on 1 April 2005, the Board of Directors of ASB wishes to inform the Exchange that ASB has entered into settlement arrangements with the respective loan stock holders of ASB for the redemption of the RLS and repurchase of the CLS as provided for in the respective Deed Polls. Under the terms of the settlement, ASB has redeemed all the outstanding RM74,978,552 equivalent nominal value of RLS and repurchased all the outstanding RM182,761,429 equivalent nominal value of CLS for a settlement sum of approximately RM263 million (inclusive of any outstanding interest) to be paid not later than 31 July 2005 in tranches.
[This announcement is dated 29 April 2005]