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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS YKGI Holdings Berhad ("YKGI" or "Company") and its subsidiary companies ("YKGI Group" or "Group") Proposed repayment of the amount owing by YKGI to Marubeni-Itochu Steel Inc. ("MISI"), who is a major shareholder of YKGI, in cash and the other terms and conditions of which are as contained in the Repayment Agreement ("Proposed Repayment")

YKGI HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
YKGI Holdings Berhad ("YKGI" or "Company") and its subsidiary companies ("YKGI Group" or "Group")

Proposed repayment of the amount owing by YKGI to Marubeni-Itochu Steel Inc. ("MISI"), who is a major shareholder of YKGI, in cash and the other terms and conditions of which are as contained in the Repayment Agreement ("Proposed Repayment")

(Unless stated otherwise, abbreviations and definitions used throughout this announcement shall be the same as the circular to the shareholders of the Company in relation to the Proposed Repayment dated 15 June 2020 (“Circular”))

 

We refer to the following:-

 

(i) The announcements made by the Company on the following dates:-

 

(a) 30 January 2020; and

 

(b) 5 February 2020; and

 

(c) 22 April 2020; and

 

(d) 8 May 2020; and

 

(e) 18 May 2020; and

 

(f) 3 June 2020; and

 

(g) 12 June 2020; and

 

(h) 30 June 2020; and

 

(i) 6 August 2020; and

 

(j) 17 December 2020; and

 

(ii) The Circular dated 15 June 2020.

 

On behalf of the Company, KAF IB wishes to announce that as at 31 December 2020, the Amount Owing by YKGI to MISI amounted to approximately USD3.344 million, which is equivalent to approximately RM13.445 million based on the RM to USD exchange rate of RM4.0205 : USD1.00 as at 31 December 2020.

 

The Company will make the necessary announcement in due course if MISI exercises the powers conferred by the Share Charge.

 

This announcement is dated 4 January 2021.






Announcement Info

Company Name YKGI HOLDINGS BERHAD
Stock Name YKGI
Date Announced 04 Jan 2021
Category General Announcement for PLC
Reference Number GA1-04012021-00051