KUALA LUMPUR: KUALA LUMPUR KEPONG BHD [] is not going ahead with its proposal to issue up to US$300 million unsecured guaranteed exchangeable bonds with an over-allotment option to increase'' it by US$100 million.
KLK said on Thursday, March 10 that based on the current financial condition of the company, the proposed exchangeable bonds issue was no longer required.
On April 28, 2010 it had received the Securities Commission's approval to extend the implementation of the corporate exercise to April 2, 2011.
KLK said on Thursday, March 10 that based on the current financial condition of the company, the proposed exchangeable bonds issue was no longer required.
On April 28, 2010 it had received the Securities Commission's approval to extend the implementation of the corporate exercise to April 2, 2011.
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