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Malaysia's Olympia Industries buys back RM 11.08 million convertibles
By Susanna Moon
Chicago, Jan. 18 - Olympia Industries Bhd. said it purchased and canceled RM 11,083,549 of its irredeemable convertible bonds due 2013 under a put and call option agreement with lenders.
After the purchase on Jan. 17, there was RM 94,176,084 of the bonds outstanding, according to a company press release.
As previously noted, the put and call option between the company and its lenders was under a restructuring completed in 2007.
The company said on July 29 that it purchased and canceled RM 75,538,618 of the convertibles under the put and call option on July 28.
Olympia is a Kuala Lumpur-based investment holding company.
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