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Details of Announcement
| General Announcement |
| Reference No MM-051007-54712 |
| Submitting Merchant Bank |
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AMMERCHANT BANK BERHAD |
| Company Name |
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KIA LIM BERHAD |
| Stock Name |
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KIALIM |
| Date Announced |
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07/10/2005 |
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| Type |
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Announcement |
| Subject |
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KIA LIM BERHAD (“KIA LIM” OR “COMPANY”)
- PROPOSED RIGHTS ISSUE WITH WARRANTS
- PROPOSED DEBT RESTRUCTURING SCHEME |
Contents :
This announcement is dated 7 October 2005.
Reference is also made to the announcements dated 29 October 2003, 14 September 2004, 11 October 2004, 21 February 2005 and 17 August 2005.
AmMerchant Bank Berhad (“AmMerchant Bank”) (a member of AmInvestment Group), on behalf of the Board of Directors of Kia Lim, wishes to announce that the following agreements were entered into on 3 October 2005:-
1) Debt Restructuring Agreement (“DRA”) in relation to the Proposed Debt Restructuring Scheme. The parties to the DRA were Kia Lim, Kangkar Raya Batu Bata Sdn Bhd (“KRBB”) (subsidiary of Kia Lim), Syarikat Kia Lim Kilang Batu Bata Sdn Bhd (“KLBB”) (subsidiary of Kia Lim), Malaysian Industrial Development Finance Berhad (“MIDF”), RHB Bank Berhad (“RHB”) and AmMerchant (as the Lead Arranger); and
2) Security Sharing Agreement as an ancillary agreement in relation to the DRA. The parties to this agreement were KRBB, RHB, MIDF and EON Bank.
The Board of Directors of Kia Lim also wishes to announce that Kia Lim will not be pursuing the Proposed Increase in Authorised Share Capital of Kia Lim, as detailed in the abovementioned announcements. |
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