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BCorp gets Bursa Securities' nod for RM765m new loan stocks

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BCorp gets Bursa Securities' nod for RM765m new loan stocks Empty BCorp gets Bursa Securities' nod for RM765m new loan stocks

Post by hlk Wed 04 Jan 2012, 19:32

KUALA LUMPUR (Jan 4): BERJAYA CORPORATION BHD [] has received Bursa
Malaysia Securities Bhd's approval for a corporate exercise involving
the issuance of RM765.32 million new loan stocks under its rights issue.

It said on Wednesday that Bursa Securities had in its Jan 3 letter
approved the corporate exercise subject to obtaining approval from the
Securities Commission for the issuance of the new ICULS.

BCorp
planned to issue up to RM765.32 million nominal value of 10-year 5%
irredeemable convertible unsecured loan stocks (ICULS)at 100% of its
nominal value together with 765.32 million free detachable warrants.

It also proposed to privatise Cosway Corporation Ltd, a 56.83% subsidiary of BCorp.
hlk
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