KUALA LUMPUR: Maxbiz Corp Bhd said there were no changes in the status regarding the default in payments on the outstanding loan stocks, arrears and loans but it did provide more details about its proposed acquisition of PT Jasa Medivest in Indonesia, which it had bid for RM8.8 million.
The company -- whose shares slipped in active trade in the morning session of Thursday, Dec 30 before seeking a suspension until 5pm -- said it was still in default involving payment for the redemption of 50% of the nominal amount of the RM3.0 million two-years 5% redeemable unsecured loan stocks (RULS) from the holders.
Maxbiz also said it was in arrears of the RM5 million term loan granted by CIMB Bank Bhd to its unit'' M.K.K. Industries Sdn. Bhd amounting to RM1.72 million as at Feb 28, 2007.
Also unchanged was the demand of RM23.07 million (including principal sum of RM22.61 million) as at Oct 8, 2006 with interest on RM22.61 million at the rate of 2% per annum from Oct 9, 2006 to 2009.
In a separate statement in relation to Maxbiz's proposed acquisition of PT Jasa Medivest, the latter had informed Maxbiz it would deliberate on the bid and refer to PT Jasa Sarana (PTJS). PTJS is the investment arm of the West Jawa Provincial Government and owns the balance of 5%.
'There is a pre-emptive clause by the shareholders that consent would have to be obtained from PTJS should PMSB accepts Maxbiz's bid. The pre-emptive clause is valid for 30 days. Maxbiz expects to know the outcome of the bid by the first week of February 2011,' it said.
PTJM was granted the exclusive rights by the West Jawa Provincial Government to manage medical waste including operating an incinerator for 30 years commencing 2007.
Maxbiz said all the licensed hospitals, clinics, healthcare-centers, maternity homes and related businesses are to appoint PTJM to manage/dispose off their medical waste.
PTJM also manages transporters to remove such waste and store the medical waste in cold-rooms until incineration.
Currently, there are about 4,800 hospitals, clinics, maternity homes and health-care centers in West Jawa excluding Jakarta, PTJM charges up to 10,000 rupiah per kg for the waste removal.
Maxbiz said the bid price was RM8.8 million, out of which RM3.3 million is in cash and RM5.5 million in shares. However, it could not divulge the profit track record of PTJM since it signed a mutual confidentiality agreement.
The company -- whose shares slipped in active trade in the morning session of Thursday, Dec 30 before seeking a suspension until 5pm -- said it was still in default involving payment for the redemption of 50% of the nominal amount of the RM3.0 million two-years 5% redeemable unsecured loan stocks (RULS) from the holders.
Maxbiz also said it was in arrears of the RM5 million term loan granted by CIMB Bank Bhd to its unit'' M.K.K. Industries Sdn. Bhd amounting to RM1.72 million as at Feb 28, 2007.
Also unchanged was the demand of RM23.07 million (including principal sum of RM22.61 million) as at Oct 8, 2006 with interest on RM22.61 million at the rate of 2% per annum from Oct 9, 2006 to 2009.
In a separate statement in relation to Maxbiz's proposed acquisition of PT Jasa Medivest, the latter had informed Maxbiz it would deliberate on the bid and refer to PT Jasa Sarana (PTJS). PTJS is the investment arm of the West Jawa Provincial Government and owns the balance of 5%.
'There is a pre-emptive clause by the shareholders that consent would have to be obtained from PTJS should PMSB accepts Maxbiz's bid. The pre-emptive clause is valid for 30 days. Maxbiz expects to know the outcome of the bid by the first week of February 2011,' it said.
PTJM was granted the exclusive rights by the West Jawa Provincial Government to manage medical waste including operating an incinerator for 30 years commencing 2007.
Maxbiz said all the licensed hospitals, clinics, healthcare-centers, maternity homes and related businesses are to appoint PTJM to manage/dispose off their medical waste.
PTJM also manages transporters to remove such waste and store the medical waste in cold-rooms until incineration.
Currently, there are about 4,800 hospitals, clinics, maternity homes and health-care centers in West Jawa excluding Jakarta, PTJM charges up to 10,000 rupiah per kg for the waste removal.
Maxbiz said the bid price was RM8.8 million, out of which RM3.3 million is in cash and RM5.5 million in shares. However, it could not divulge the profit track record of PTJM since it signed a mutual confidentiality agreement.
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