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Monday, January 11, 2010

Talam is on track to emerge from its PN17 status (CIMB)

Talam is on track to emerge from its PN17 status, even as its debt regularisation plan was being delayed by prolonged negotiations on assets disposal, ED Chua Kim Lan said. "At the moment we are finalising two sale and purchase agreements involving sale of land and

building. Once completed, the proceeds will be used to pay off the outstanding defaulted loans." she said. Talam is looking at disposing about 3,000 acres of land from its landbank of 7,000 acres. The largest tract of land to be disposed would come from the company's

Bandar Bukit Beruntung development. (Financial Daily)

-good news? heard so many time but this one if up sure boom..that time u will just look and see.

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