Provision Of Financial Assistance

BackNov 16, 2021
Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description

Salcon Berhad ("Salcon" or "the Company")

- Provision of Financial Assistance

 

Pursuant to paragraph 8.23(1)(ii) and Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to update that the aggregate amount of the financial assistance provided by Kencana Kesuma Sdn Bhd, a wholly-owned subsidiary of Salcon for the third quarter from 1 July 2021 to 30 September 2021, which is necessary to facilitate the ordinary course of business of the following Companies within the Salcon Group, are as below:-

Company

Type of Financial Assistance Provided

Amount of Financial Assistance provided during the third quarter ended 30 September 2021 (RM)

Aggregate amount of Financial Assistance provided as at 30 September 2021 (RM)

Satria Megajuta Sdn Bhd

Term Loan

700,000.00

3,100,000.00

JR Engineering and Medical Technologies (M) Sdn Bhd

Term Loan

0.00

6,000,000.00

The provision of financial assistance as set out above have no financial impact on the net assets and earnings per share of Salcon Group for the financial period ended 30 September 2021. 

 


Announcement Info

Company Name SALCON BERHAD
Stock Name SALCON
Date Announced 16 Nov 2021
Category General Announcement for PLC
Reference Number GA1-15112021-00024