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In compliance with Paragraph 3.2 of the Practice Note No. 17/2005 of the Listing Requirements of Bursa Malaysia Securities Berhad, Talam had on 2 May 2008 announced that the Proposed Revised Regularisation Plan which was submitted to the Securities Commission (“SC”) on 25 October 2007 has been approved by the 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.
At the Extraordinary General Meeting of the Company held on 15 September 2008, the shareholders of the Company have approved the Proposed Revised Regularisation Plan. The Company has on 6 October 2008 submitted the petition for the proposed reduction of the share capital and share premium account of the Company to the High Court of Malaya. The hearing of the petition has been fixed on 21 November 2008.
This announcement is dated 3 November 2008.
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