KUALA LUMPUR: TALIWORKS CORPORATION BHD [] bondholders have redeemed all the outstanding RM113 million nominal value convertible bonds.
RAM Rating Services Bhd said on Thursday, Nov 18 that the bondholders had on Monday'' exercised their option to early redeem all the outstanding CBs on Dec 6, 2010. The redemption date was 36 months from the issuance date.
'As per the terms of the trust deed dated Nov 29, 2007, the outstanding RM113 million nominal value CBs have an early-redemption value of RM125.75 million. As at end-June 2010, Taliworks had RM201.84 million of cash and marketable securities,' it said.
Taliworks is involved in the operations and maintenance of water-treatment plants in Selangor and Langkawi, through its unit Sungai Harmoni and Taliworks (Langkawi) Sdn Bhd. The group is also involved in solid- and waste-water-management services in China.
It is also involved in toll operations via its 55%-stake in Cerah Sama Sdn Bhd - the sole owner of Grand Saga Sdn Bhd, that is the toll concessionaire for the 11.5-km Cheras-Kajang Highway.
RAM Rating Services Bhd said on Thursday, Nov 18 that the bondholders had on Monday'' exercised their option to early redeem all the outstanding CBs on Dec 6, 2010. The redemption date was 36 months from the issuance date.
'As per the terms of the trust deed dated Nov 29, 2007, the outstanding RM113 million nominal value CBs have an early-redemption value of RM125.75 million. As at end-June 2010, Taliworks had RM201.84 million of cash and marketable securities,' it said.
Taliworks is involved in the operations and maintenance of water-treatment plants in Selangor and Langkawi, through its unit Sungai Harmoni and Taliworks (Langkawi) Sdn Bhd. The group is also involved in solid- and waste-water-management services in China.
It is also involved in toll operations via its 55%-stake in Cerah Sama Sdn Bhd - the sole owner of Grand Saga Sdn Bhd, that is the toll concessionaire for the 11.5-km Cheras-Kajang Highway.
No comments:
Post a Comment