As at Dec 31, 1997, both Westmont Industries and wholly-owned subsidiary Sabah Shipyard Sdn Bhd owed ( to debenture holders, partially secured creditors and unsecured creditors ) RM66.49 million and RM907.3 million respectively.
42.
In December 2009 Hanover Group debenture holders, note holders and bond holders voted in favour of swapping their debentures, notes and bonds for shares in Allied Farmers Limited ( NZX : ALF ).
43.
Despite Bottomley's outward optimism, in December 1890 the company defaulted on the payment of debenture interest and in May 1891, amid growing rumours of insolvency, the debenture holders petitioned for the company's compulsory winding-up.
44.
Thanks to a handful of wealthy sympathisers, the sale of debentures was more successful but the identity of some of the debenture holders suggests that many of these were donations rather than true investments.
45.
With various local government officers appointed as receiver, the WHR continued to operate, primarily as a tourist attraction, until the end of 1933, when the local authority debenture holders declared their intention to close it.
46.
Debenture holders have no rights to vote in the company's general meetings of shareholders, but they may have separate meetings or votes e . g . on changes to the rights attached to the debentures.
47.
Only debenture holders are permitted to sell on their tickets to third parties and demand for debentures has increased in recent years, to such an extent that they are even traded on the London Stock Exchange.
48.
"The market anticipates it will be a piece of good news tomorrow, " said Faith Klaus, analysts at NationsBanc Capital Markets Inc . " Debenture holders feel there will be a tender of some sort ."
49.
As at Dec 31, 1997, both Westmont Industries and wholly-owned subsidiary Sabah Shipyard Sdn Bhd owed ( to debenture holders, partially secured creditors and unsecured creditors ) RM66 . 49 million and RM907 . 3 million respectively.
50.
If that be right, it is perfectly clear that rule 195 requires that the assets of the company should be used to meet these costs in preference to the claims of either preferential creditors or debenture holders.
