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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 13 September 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 30 September 2005 as below:

    Type of Facilities
Principal and Interest (RM)
Overdraft Facility
1,920,560.88
    Term Loan
181,126.37
Total Outstanding
2,101,687.25

In compliance with Paragraph 3.2 of Practice Note 1/2001, the Company hereby announces that TBM has on 29 September 2005 informed by its lawyers, Messrs Hoe & Ahmad Zaki (“the Vendor’s Solicitor”) that the purchaser has obtained banking facilities to part finance the acquisition of the Properties.

TBM has on 5 October 2005 informed MBB on the authorization of the Vendor’s Solicitor to attend to the Discharge of Charge and any matters pertaining to the redemption of the Charged Properties.

This announcement is dated 12 October 2005.


Announcement Info

Company NameTRANSOCEAN HOLDINGS BHD  
Stock Name TOCEAN    
Date Announced12 Oct 2005  
CategoryGeneral Announcement
Reference NoCU-051011-37753



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