Annica Holdings extends redemption date for convertible bonds until March next year
Catalist-listed Annica Holdings on Wednesday said it has
entered into an agreement with Premier Equity Fund Sub Fund F and fund manager
Value Capital Asset Management to extend the redemption date for its
convertible bonds until March 31, 2019.
In a filing to the Singapore Exchange, Annica said the
parties have agreed in writing to extend the redemption "in order to
improve the short-term cash flow of the company".
Accordingly, unless previously redeemed, converted or
purchased and cancelled, the firm will redeem the bonds at 100 per cent of the
principal amount on end-March next year.
The conversion period for the bonds will not be extended and
shall remain as Dec 24, 2018 as the maturity date stands at Dec 30, 2018,
Annica said.
The counter last traded at 0.1 Singapore cent on April 2,
unchanged from the previous day's close.
Annica is an investment holding company with subsidiaries
operating mainly in Singapore, Malaysia, Indonesia, Thailand and Vietnam as
provider of power generation solutions, rendering of engineering services, and
trading in oil and gas equipment.
Rachel Mui
11 April 2018
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