SILK Holdings Bhd might exit PN17 listing
Filed Under (Other News) by Webmaster on 13-10-2009
Tagged Under : pn17, SILK
SILK Holdings Bhd’s PN17 status is expected to be lifted after the listing of its new shares arising from the conversion of the redeemable convertible unsecured loan stocks-A (RCULSA) and from the acquisition of the entire equity interest of AQL Aman Sdn Bhd, as well as the issuance of redeemable convertible unsecured loan stocks-B to the vendors of AQL.
In a filing with Bursa Malaysia yesterday, Affin Investment Bank said both the listing of new shares and issuance of loan stocks were expected to be implemented tomorrow.
Silk raised close to RM5mil from its RCULSA at the close of acceptance and payment on Oct 1, which would be used as working capital and to defray expenses related to its proposed regularisation scheme.
