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Published on 12/10/2007 in the Prospect News Emerging Markets Daily.

Malaysia's Octagon Consolidated cancels plans for RM 130 million notes

By Devika Patel

Knoxville, Tenn., Dec. 10 - Octagon Consolidated Bhd. said it will not proceed with plans to issue up to RM 130 million in Islamic paper under its proposed commercial paper and medium-term note programs due to unfavorable market conditions.

The plans were announced on July 8, 2005.

Based in Kuala Lumpur, Malaysia, Octagon is an investment holding company.


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