Tanco Holdings Berhad's settlement of debts owing to a related party

Deal typeCapital markets
IndustryReal Estate
Client nameTanco Holdings Berhad

BDO Capital Consultants Sdn Bhd was appointed by Tanco Holdings Berhad as the Independent Adviser for the proposed settlement of debts owing to a director of Tanco Holdings Berhad, Tan Jun Suan amounting to RM17,079,920 to be fully satisfied via the issuance of 341,598,402 new ordinary shares in Tanco at an issue price of RM0.05 per settlement share.