Malaysia's RGB gets noteholders approval of equity interest disposal

By Marisa Wong

Madison, Wis., Nov. 12 - The board of directors of RGB International Bhd., formerly Dreamgate Corp. Bhd., said it received conditional approval from all holders of its RM 200 million commercial paper and medium-term notes to dispose of a 40% equity interest in Chateau de Bavet Club Co., Ltd.

The noteholders will give their approval of the proposed disposal of Chateau and other changes to the terms of the trust deed dated June 18, 2007, on the condition that the company issue a third-party debenture covering the fixed and floating assets of RGB Ltd., a wholly owned subsidiary of RGB International.

Based in Penang, Malaysia, RGB sells and manufactures electronic gaming machines and equipment.

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