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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES TOYO VENTURES HOLDINGS BERHAD ("TVHB" OR THE "COMPANY") PROPOSED SETTLEMENT

TOYO VENTURES HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
TOYO VENTURES HOLDINGS BERHAD ("TVHB" OR THE "COMPANY")

PROPOSED SETTLEMENT

On behalf the Board of Directors of TVHB, KAF Investment Bank Berhad wishes to announce that the Company proposes to settle RM250,449,600 out of the total outstanding debts as at 30 June 2020 of RM276,163,600 owing to Ng Lu Siong @ Ng Soon Huat, Eng Lian (L) Inc., Biscayne Investment Pte. Ltd. and Nextgen Corporation through the issuance of RM250,449,600 nominal value of five (5)-year, zero coupon irredeemable convertible unsecured loan stocks in TVHB at 100% of its nominal value.

 

Kindly refer to the attached document for the complete announcement.

 

 

This announcement is dated 8 December 2021.




Please refer attachment below.



Announcement Info

Company Name TOYO VENTURES HOLDINGS BERHAD
Stock Name TOYOVEN
Date Announced 08 Dec 2021
Category General Announcement for PLC
Reference Number GA1-08122021-00043




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