|Announcement Details/Table Section :
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 8 December 2010 in relation to the Proposals.
We refer to our announcements dated 8 December 2010, 13 December 2010, 4 January 2011, 24 January 2011 and 7 March 2011 on the above as well as the announcement dated 25 February 2011 by BIG in relation to the acceptance of the Corporate Debt Restructuring Committee to mediate between BIG and its unsecured financial lender.
BIG wishes to inform that the Company is currently in the midst of finalising the debt restructuring scheme with its unsecured financial lender which potentially may affect the terms and conditions of the Proposals.
As such, PM Securities, on behalf of BIG, has submitted an application to Bursa Securities on even date to seek its approval for an extension of time of up to 2 July 2011 to submit an application to Bursa Securities for the listing of and quotation for the ICULS and Warrants to be issued pursuant to the Proposed Rights Issue and the new BIG Shares to be issued upon the conversion of ICULS and exercise of Warrants.
This announcement is dated 1 April 2011.