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NewsCountry Heights unit redeems 68.8m loan stocks, funded by Maybank loan
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Country Heights unit redeems 68.8m loan stocks, funded by Maybank loan
by hlk Fri 16 Dec 2011, 19:04
KUALA LUMPUR (Dec 16): COUNTRY HEIGHTS HOLDINGS BHD []’s
(CHHB) unit East Vision Leisure Group Sdn Bhd (EVL) has redeemed all
its 68.82 million loan stocks funded by a RM92.91 million term loan from
MALAYAN BANKING BHD [].
CHHB said the loan stocks redeemed were the 68.82 million redeemable secured loan stocks 2004/2011 (RSLS Series B).
“The rationale for redemption is to enable EVL to restructure its
loan requirements and to redeem the RSLS Series B which is due and
payable on Dec 19, 2011,” it said.
EVL had also signed a term loan facility agreement with Maybank
wherein the loan was secured against the pledged assets comprising of
the leasehold land and building known as Malaysia International
Exhibition & Convention Centre, Mines Waterfront Business Park
together with CHHB’s corporate guarantee.
(CHHB) unit East Vision Leisure Group Sdn Bhd (EVL) has redeemed all
its 68.82 million loan stocks funded by a RM92.91 million term loan from
MALAYAN BANKING BHD [].
CHHB said the loan stocks redeemed were the 68.82 million redeemable secured loan stocks 2004/2011 (RSLS Series B).
“The rationale for redemption is to enable EVL to restructure its
loan requirements and to redeem the RSLS Series B which is due and
payable on Dec 19, 2011,” it said.
EVL had also signed a term loan facility agreement with Maybank
wherein the loan was secured against the pledged assets comprising of
the leasehold land and building known as Malaysia International
Exhibition & Convention Centre, Mines Waterfront Business Park
together with CHHB’s corporate guarantee.
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