Malaysia's Olympia Industries buys back RM 41.15 million convertibles

By Marisa Wong

Madison, Wis., April 9 - Olympia Industries Bhd. said it purchased and canceled RM 41,149,179 of its irredeemable convertible bonds due 2013 under a put and call option agreement with lenders.

After the purchase on April 5, there was RM 53,026,905 of the bonds outstanding, according to a company announcement.

As previously noted, the put and call option between the company and its lenders was under a restructuring completed in 2007.

Olympia is a Kuala Lumpur-based investment holding company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.