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We refer to the announcement dated 2 May 2008 whereby it was announced that the Securities Commission (“SC”) had approved the Proposed Revised Regularisation Plan.
On behalf of Talam, RHB Investment Bank Berhad (“RHB Investment Bank”) wishes to announce that the SC had vide its letter dated 13 May 2009 (which was received on 14 May 2009) approved the following:
(i) the proposed transfer of the redeemable convertible preference shares and redeemable convertible secured loan stocks (collectively known as “Securities”) from Kumpulan Darul Ehsan Berhad to 100 holders each holding 100 units of the Securities respectively to meet the public spread requirement of Bursa Malaysia Securities Berhad; and
(ii) proposed extension of time to 29 June 2009 for Talam to complete the Proposed Revised Regularisation Plan.
The approvals mentioned above are subject to the condition that RHB Investment Bank and Talam are to give detailed explanations if there are substantial variances between the Talam group of companies’ profit and shareholders equity based on the audited financial statements for the financial year ended 31 January 2009 and the figures which were submitted to the SC on 26 March 2009.
This announcement is dated 15 May 2009. |
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