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TRANSOCEAN HOLDINGS BHD ("the Company") Monthly Status On Default In Payment Pursuant To Practice Note No. 1/2001 (“PN 1/2001”) of the Listing Requirements

TRANSOCEAN HOLDINGS BHD

Type

Announcement
SubjectTRANSOCEAN HOLDINGS BHD ("the Company")
Monthly Status On Default In Payment Pursuant To Practice Note No. 1/2001 (“PN 1/2001”) of the Listing Requirements

Contents :

Further to the announcement made on 12 August 2005, the Company wishes to update on the banking facilities in default by the Company’s 75% owned subsidiary, Transocean Biotec (M) Sdn Bhd (“TBM”) to Malayan Banking Berhad (“MBB”) as at 31 August 2005 as below:

    Type of Facilities
Principal and Interest (RM)
Overdraft Facility
1,920,212.75
    Term Loan
181,129.32
Total Outstanding
2,101,342.07

In compliance with Paragraph 3.2 of Practice Note 1/2001, the Company hereby announces that MBB has on 10 September 2005 requested TBM to service the monthly interest and to make a full settlement in December 2005.

This announcement is dated 13 September 2005.


Announcement Info

Company NameTRANSOCEAN HOLDINGS BHD  
Stock Name TOCEAN    
Date Announced13 Sept 2005  
CategoryGeneral Announcement
Reference NoCU-050913-42679



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