General Announcement

18/10/2004

RCE CAPITAL BERHAD (formerly known as Rediffusion Berhad) ["RCE" or "the Company"] - SETTLEMENT OF INDEBTEDNESS BY RCE VENTURES SDN BHD TO RCE MARKETING SDN BHD

RCE CAPITAL BERHAD

Type

Announcement
SubjectRCE CAPITAL BERHAD (formerly known as Rediffusion Berhad) ["RCE" or "the Company"]
- SETTLEMENT OF INDEBTEDNESS BY RCE VENTURES SDN BHD TO RCE MARKETING SDN BHD

Contents :

Further to the announcement made on 16 April 2004 in respect of the extension of time granted by RCE Marketing Sdn Bhd (RCEM), a subsidiary company of RCE, to RCE Ventures Sdn Bhd (RCEV) for payment or repayment by RCEV of its indebtedness pursuant to the Deed of Arrangement for Settlement dated 23 December 2002 between RCEV and RCEM, the Board of Directors is pleased to announce that RCEV has on 15 October 2004 settled in full its indebtedness of RM31,989,637.45 including any interest accrued thereon to RCEM.


The announcement is dated 18 October 2004.


Announcement Info

Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP
Date Announced18 Oct 2004  
CategoryGeneral Announcement
Reference NoCU-040921-55365

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