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We refer to the announcements dated 27 December 2006 and 22 February 2008 in relation to the above.
On behalf of Talam and ASSB, RHB Investment Bank Berhad (“RHB Investment Bank”) wishes to announce that the Securities Commission (“SC”) had vide its letter dated 30 May 2008, which was received on 2 June 2008, approved the proposed extension of the redemption date for Class B and Class C of the BaIDS (“Proposed Extension”).
The SC’s approval for the Proposed Extension to be completed no later than 31 December 2008, is conditional upon the following:
(i) all relevant parties to the BaIDS including, but not limited to, trustee and rating agency, be fully informed of the Proposed Extension and, where applicable, obtain their consents thereto;
(ii) RHB Investment Bank and ASSB have undertaken all necessary due diligence in relation to the Proposed Extension;
(iii) RHB Investment Bank and ASSB to obtain all other regulatory approvals for the Proposed Extension, if any; and
(iv) RHB Investment Bank to submit a written confirmation on compliance with the above upon implementation of the Proposed Extension.
This announcement is dated 2 June 2008. |
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