"(e) the Extraordinary Resolution tabled at the meeting of the holders of the Series 006 Notes on 9 July 2014 has not been passed;
The Company is evaluating its options in light of the outcome of the voting on the Extraordinary Resolution in respect of the Series 006 Notes and intends to continue engaging the holders of the Series 006 Notes with a view to obtaining their consent in due course."
What is the implication? Is this a stumbling block to the takeover of Goodpack? Is the consent of the bondholder necessary?
No to worry.
This slight hitch is not expected to disrupt the bid by KKR.
Goodpack has obtained majority holder's consent from 5 out of 6 series of outstanding notes.
