Bond conversion Lagi! heheehehe.......................tak boleh makan atau tidurlah....................11.5 sen conversion per share, monday terjun loh! Despite Ekhoono warning of bond conversion announcement today.
Russian roulette is not as fun as buying SAAG!
Its like showing half the tits to tilltilate U. Enticing fools who go and hang themselves.
Those who sell at 14 sen and make can count their lucky stars though.
9652 SAAG SAAG CONSOLIDATED (M) BHD
EXCHANGEABLE BONDS
SAAG CONSOLIDATED (M) BHD (SAAG OR THE COMPANY)
ISSUANCE BY SAAG (L) LIMITED (SAAGL), A WHOLLY-OWNED SUBSIDIARY OF SAAG, OF
UNITED STATES DOLLAR (USD) DENOMINATED FIVE (5)-YEAR EXCHANGEABLE BONDS
(EXCHANGEABLE BONDS)
We refer to the announcements made on 8 February 2010 and 29 May 2009 in
respect of the Exchangeable Bonds.
(Unless otherwise defined, all terms used in this announcement shall have the
same meaning ascribed to them respectively in the earlier announcements on the
Exchangeable Bonds)
Further to the Companys earlier announcements in respect of the Exchangeable
Bonds, AmInvestment Bank Berhad (a member of AmInvestment Bank Group), on
behalf of SAAG, wishes to announce that the ninth tranche of the Exchangeable
Bonds to be issued by SAAGL shall comprise of USD5.0 million nominal value
Exchangeable Bonds (9th Tranche).
SAAG / SAAGL have today fixed the exchange price for the 9th Tranche at
RM0.1155. Based on such exchange price and the agreed fixed exchange rate for
the 9th Tranche of USD1.00 : RM3.50, the number of ordinary shares of RM0.10
each in SAAG (SAAG Shares) into which the Exchangeable Bonds to be issued under
the 9th Tranche may be converted is approximately 151,516,000 SAAG Shares.
The exchange price for the 9th Tranche of RM0.1155 represents a premium of
0.43% over the last transacted market price of SAAG Shares on 25 March 2010 of
RM0.115, being the market day immediately preceding the date of this
price-fixing announcement.
This announcement is dated 26 March 2010.
26/03/2010 05:38 PM
Ref Code: 20100326GA00172
This post has been edited by alenac: Mar 26 2010, 06:57 PM