Malaysia's Talam to redeem, cancel RM 9.5 million of convertibles

By Toni Weeks

San Diego, March 28 - Talam Corp. Bhd. will redeem and cancel RM 9.5 million of its RM 171,002,000 of five-year redeemable convertible secured loan stocks, according to a company announcement.

Proceeds of RM 9.5 million arising from the sale of two parcels of land will provide funds.

The redemption and cancellation will settle April 19.

Questions can be directed to Securities Services (Holdings) Sdn. Bhd. (+603 2084 9000).

Talam is a Kuala Lumpur, Malaysia property developer.

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