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Tuesday, March 16, 2010

Talam to settle RM241mil debt

PETALING JAYA: Talam Corp has entered into an agreement with Menteri Besar Selangor (Inc) last Friday to settle RM241.4mil owing to the latter via disposal of properties and RM12.7mil cash, it told Bursa Malaysia.

The settlement is expected to be completed within six months after receiving the approval of Talam shareholders or the redemption of the liabilities by MBI, whichever is later.

By The Star

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