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Tuesday, June 28, 2011

Europlus to dispose of Talam debt

PETALING JAYA: Kumpulan Europlus Bhd has entered into a sale and purchase agreement with Megabig Properties Sdn Bhd to dispose of 10-year Al-Bai Bithaman Ajil Islamic Debt Securities (BAIDS) issued by Talam Corp Bhd with nominal value of RM52,666,340 for RM17,600,000.

As part of its regularisation plan, Talam had issued 10-year BAIDS of RM134,213,337 nominal value of RM1 each, of which an aggregate of RM52,666,340 of the primary BAIDS were issued to Abrar Discounts Bhd in settlement of liability, Europlus told Bursa Malaysia.

By The Star

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