According to bursa, TM
(I) PROPOSED CAPITAL REPAYMENT TO SHAREHOLDERS OF APPROXIMATELY RM3,505.8 MILLION (“PROPOSED CAPITAL REPAYMENT”);
On 16 February 2009, TM International Berhad (“TMI”) informed TM that it undertakes to pay the amount owing from TMI to TM of RM4,025.0 million, and any interest earned on the monies in accordance with the terms of the Demerger Agreement dated 10 December 2007, by 24 April 2009.
In view of the anticipated payment from TMI, on behalf of the Board of Directors (“Board”) of TM, CIMB Investment Bank Berhad is pleased to announce that TM proposes to carry out a proposed capital repayment to shareholders of approximately RM3,505.8 million.
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