In a filing with Bursa Malaysia yesterday, the company said the proposed RCNs would involve the issuance of an aggregate principal amount of up to RM120mil, in four tranches, falling 60 months from the closing date of the first sub-tranche of the tranche one notes.
PETALING JAYA: SMTrack Bhd has announced its diversification into commercial air transport operations and an issuance of redeemable convertible notes (RCNs).
In a filing with Bursa Malaysia yesterday, the company said the proposed RCNs would involve the issuance of an aggregate principal amount of up to RM120mil, in four tranches, falling 60 months from the closing date of the first sub-tranche of the tranche one notes.
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