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Equine Capital Berhad ("ECB") - Proposed Commercial Papers/Medium Term Notes Programme of up to RM95 million ("Proposed CP/MTN Programme")

EQUINE CAPITAL BERHAD

Type

Announcement
SubjectEquine Capital Berhad ("ECB")
- Proposed Commercial Papers/Medium Term Notes Programme of up to RM95 million ("Proposed CP/MTN Programme")

Contents :

Pursuant to the announcement on 4 February 2005, on behalf of the Board of Directors of ECB, Alliance Merchant Bank Berhad is pleased to announce that the Securities Commission had on 5 April 2005 approved ECB’s Proposed CP/MTN Programme. Alliance Merchant Bank Berhad is the Principal Adviser for the Proposed CP/MTN Programme.


The proceeds from ECB’s Proposed CP/MTN Programme will be mainly utilised towards refinancing of the ECB Group’s existing bank borrowings, for development of its properties in Taman Equine and Pusat Bandar Putra Permai and for working capital purposes of ECB. The refinancing of the ECB Group’s existing bank borrowings via the Proposed CP/MTN Programme is expected to result in interest savings to the ECB Group.

This announcement is dated 6 April 2005.



Announcement Info

Company NameEQUINE CAPITAL BERHAD  
Stock Name EQUINE    
Date Announced6 Apr 2005  
CategoryGeneral Announcement
Reference NoMM-050406-62720

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