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buy apple developer account:Perak Corp plans to sell assets, issue RCPS to settle debts

admin2020-12-1997

PCB had entered into two inter-conditional sale and purchase agreements with Pertubuhan Keselamatan Sosial (Perkeso) with the proposal to dispose of four pieces of vacant commercial land and one piece of vacant residential land that in the Kinta district, Perak. PETALING JAYA: Perak Corp Bhd (PCB) has proposed to sell some of its assets and issue redeemable cumulative preference shares (RCPS) to repay outstanding money owed to its creditors. The company said in a filing with Bursa Malaysia that the plans are part of its efforts towards the formalisation of its regularisation plan to uplift itself from the Practice Note 17 status.PCB had entered into two inter-conditional sale and purchase agreements with Pertubuhan Keselamatan Sosial (Perkeso) with the proposal to dispose of four pieces of vacant commercial land and one piece of vacant residential land that in the Kinta district, Perak. The land will be sold for a total cash consideration of RM78.68mil which will be used to repay its bank borrowings of RM70.81mil while the remainder RM7.87mil will be used to fund its working capital and transaction expenses.
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