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Lion Corp seeks deferment of RM83m payment
by hlk Mon 04 Jul 2011, 19:36
KUALA LUMPUR: LION CORPORATION BHD [] has sought to defer payments totaling RM83 million on the bonds, debts and loan stocks from July 31 to Dec 31.
It said on Monday, July 4 it had issued notices of meetings dated July 1 to the holders of the bonds, US dollar debts and redeemable convertible secured loan stocks (RCSLS). The meetings of the lenders are scheduled to be held on July 25.
Lion Corp said the first deferment was for the redemption of the outstanding nominal value of the bonds amounting to RM54.35 million.
The second was the repayment of the outstanding nominal value of the debts amounting to US$1 million.
The third was the payment of the coupon on the loan stocks amounting to RM26.97 million.
It said on Monday, July 4 it had issued notices of meetings dated July 1 to the holders of the bonds, US dollar debts and redeemable convertible secured loan stocks (RCSLS). The meetings of the lenders are scheduled to be held on July 25.
Lion Corp said the first deferment was for the redemption of the outstanding nominal value of the bonds amounting to RM54.35 million.
The second was the repayment of the outstanding nominal value of the debts amounting to US$1 million.
The third was the payment of the coupon on the loan stocks amounting to RM26.97 million.
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