KrisAssets to issue up to RM 300 million seven-year convertibles

By Marisa Wong

Madison, Wis., Nov. 3 - KrisAssets Holdings Bhd. said it plans to issue up to RM 300 million of seven-year redeemable convertible secured bonds.

The bonds would be convertible into new ordinary shares of KrisAssets at a conversion price equal to a 10% to 25% premium to the five-day volume weighted average market price of KrisAssets shares on a to-be-determined price fixing date.

The issuance is subject to approval at an extraordinary general meeting to be held Nov. 22.

KrisAssets is a Kuala Lumpur-based investment holding company.

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