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Prospect News home > News index > List of issuers O > Headlines for Olympia Industries Bhd. > News item
Published on 4/2/2013 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Malaysia's Olympia buys back portion of convertible loan stocks

By Marisa Wong

Madison, Wis., April 2 - Olympia Industries Bhd. said it purchased and canceled RM 11,704,083 of its irredeemable convertible loan stocks due 2013 under a put and call option agreement with its lender.

Following the purchase and cancellation on April 1, there is RM 317,348,038 of the convertible loan stocks outstanding.

The put and call option between the company and its lender was under a restructuring completed on April 27, 2007.

Olympia is a Kuala Lumpur-based investment holding company.


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