Thursday, June 24, 2010

Kenmark down after receiving letter of demand

KUALA LUMPUR: Kenmark was actively traded on Thursday, June 24 after the company received a letter of demand for RM50.98 million, which is the principal sum and interest accrued for an unsecured term loan of RM50 million.

At 10.40am, the counter fell three sen to 11.5 sen with 19.32 million shares traded.

Kenmark said on Wednesday the letter of demand was issued by Messrs Zul Rafique & Partners acting for CapOne Bhd and Malaysian Trustees Bhd.

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