Tuesday 17 January 2012

Haisan submits proposed revamp to MITI

KUALA LUMPUR (Jan 17): HAISAN RESOURCES BHD [] has submitted the proposed regularisation plan to the Ministry of International Trade and Industry for approval.

Its merchant bank, Public Investment Bank Bhd, said on Tuesday the plan was submitted on Monday.

On Jan 9, Haisan had submitted the proposed regularisation plan to Bank Negara Malaysia for approval i involving the issuance of warrants to all non-resident shareholders and also the issuance of ICULS and warrants to the unsecured lenders under the proposed debt restructuring.



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