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Response to The Article Entitled "TMI May Raise Funds To Repay Loans"

Back 21 Jan 2009
General Announcement
Reference No TI-090121-E6262

Submitting Merchant Bank
:
 N/A 
Company Name
:
 TM INTERNATIONAL BERHAD 
Stock Name
:
 TMI
Date Announced
:
 21/01/2009


Type
:
 Announcement
Subject
:
RESPONSE TO THE ARTICLE ENTITLED "TMI MAY RAISE FUNDS TO REPAY LOANS"

Contents
:
We refer to the above mentioned article that appeared in "The Star" on 20 January 2009 and in particular the following words which were carried in the said article:-

"TMI is expected to raise funds"….." and "the exercise would involve a rights issue or an equity-linked product".

As stated in the previous press release and announcement submitted by TM International Berhad ("TMI") to Bursa Malaysia Securities Berhad ("Bursa Securities"), respectively on 26 December 2008 and 10 December 2008, TMI wishes to clarify that it is looking at achieving an optimal capital structure through equity or equity like instruments to support the long term growth of TMI whilst at the same time create value for its shareholders. At this juncture, TMI has yet to decide on the structure although this is expected to be finalized in Q109.

TMI will make an appropriate announcement to Bursa Securities and/or take the required actions in accordance with the Listing Requirements of the Bursa Securities in the event any definite corporate action is made.

This announcement is dated 21 January 2009.