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Further to our announcement made on 2 May 2008, Talam wishes to inform that the status of the various credit facilities in default by the Company and its subsidiaries to the financial institutions as at 30 April 2008 are detailed in Table A attached which has been categorized into 6 groups.
The Company had also announced on 2 May 2008 that the Proposed Revised Regularisation Plan which was submitted to the Securities Commission (“SC”) on 25 October 2007 has been approved by SC vide SC’s letter dated 29 April 2008 (which was received on 30 April 2008) subject to terms and conditions imposed by the SC. Please refer to the detailed announcement made by RHB Investment Bank Berhad on 2 May 2008.
The Company will seek the approval of its shareholders for the Proposed Revised Regularisation Plan at an annual general meeting or extraordinary general meeting to be convened.
This announcement is dated 2 June 2008.
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