KUALA LUMPUR: Talam Corp shares rose in very active trade on June 30 after it almost completed its debt revamp.

It was up 1.5 sen to 12.5 sen at 9.28am. The KLCI was up 4.75 points to 1,080.59.

Talam’s 1.287 billion redeemable convertible preference shares (RCPS) of 20 sen each will be listed and quoted on July 1.

Its 1.529 billion redeemable convertible secured loan stock (RCSLS) will also be listed on July 1. They comprise of 89.62 million RCSLS-B; 855.01 million RCSLS-C and 585.01 RCSLS-D.

The latest development was Kumpulan Europlus’s proposal to acquire financial instruments of Talam of a total nominal value of RM423.35 million from Abrar Discounts totalling at RM125 million.