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Published on 8/7/2009 in the Prospect News Convertibles Daily.

Berjaya Land trims exchange price of 8% exchangeable bonds due 2011

By Devika Patel

Knoxville, Tenn., Aug. 7 - Berjaya Land Bhd. announced it reset the exchange price of its RM 900 million 8% exchangeable bonds due 2011 to RM 5.049 from RM 5.19.

Berjaya Land is based in Kuala Lumpur. Its core activities are vacation time-share, hotels, resorts and recreation development as well as property investment and development.


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