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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES PROPOSED DEBT SETTLEMENT

BINTAI KINDEN CORPORATION BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
PROPOSED DEBT SETTLEMENT

On behalf of the Board of Directors of Bintai Kinden Corporation Berhad (“BKCB” or “Company”), KAF Investment Bank Berhad wishes to announce that the Company is proposing to undertake a proposed settlement of the amount owing by Optimal Property Management Sdn Bhd, a wholly-owned subsidiary of BKCB to Handal Jayabina Sdn Bhd of approximately RM23.4 million (“Proposed Debt Settlement”).

 

Kindly refer to the attached document for the full announcement on the Proposed Debt Settlement.

 

This announcement is dated 21 October 2020.




Please refer attachment below.



Announcement Info

Company Name BINTAI KINDEN CORPORATION BERHAD
Stock Name BINTAI
Date Announced 21 Oct 2020
Category General Announcement for PLC
Reference Number GA1-21102020-00101




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