TAN CHONG MOTOR HOLDINGS BERHAD ("COMPANY")PROPOSED ISSUANCE OF UP TO RM600 MILLION NOMINAL VALUE ASSET-BACKED MEDIUM TERM NOTES UNDER AN ASSET-BACKED MEDIUM TERM NOTES PROGRAMME BY PREMIUM COMMERCE BERHAD ("PCB")
BackApr 06, 2005
| Type | Announcement |
| Subject | TAN CHONG MOTOR HOLDINGS BERHAD (“COMPANY”) PROPOSED ISSUANCE OF UP TO RM600 MILLION NOMINAL VALUE ASSET-BACKED MEDIUM TERM NOTES UNDER AN ASSET-BACKED MEDIUM TERM NOTES PROGRAMME BY PREMIUM COMMERCE BERHAD (“PCB”) |
Contents :
We refer to our announcement on behalf of the Company on 21 June 2004 (“Announcement”) in relation to the proposed issuance of up to RM600 million nominal value asset-backed medium term notes (“MTN”) by PCB under a MTN programme (“Proposed MTN Programme”).
Subsequent to the Announcement, the Company revised certain terms and conditions of the Proposed MTN Programme including, but not limited to, allowing for an additional class of subordinated notes to be issued and revising the coupon period from a semi-annual period to a quarterly period.
We are pleased to announce that the Securities Commission has approved the Proposed MTN Programme, as so revised, vide its letter dated 4 April 2005.
This announcement is dated 6 April 2005.
Announcement Info
| Company Name | TAN CHONG MOTOR HOLDINGS BERHAD |
| Stock Name | TCHONG |
| Date Announced | 6 Apr 2005 |
| Category | General Announcement |
| Reference No | MM-050406-30626 |