MTEC

1.050

-0.02 (-1.9%)

PROVISION OF FINANCIAL ASSISTANCE

MASTER TEC GROUP BERHAD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description 
MASTER TEC GROUP BERHAD ("MTG" OR "THE COMPANY")
- QUARTERLY DISCLOSURE ON THE PROVISION OF FINANCIAL ASSISTANCE

Pursuant to Rule 8.25(1)(ii) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company is pleased to announce that MTG and/or its wholly-owned subsidiary ("the Group") had provided financial assistance in the form of advances and corporate guarantee (“Financial Assistance”) to its 51.00%-owned subsidiary company namely, Sediacom Sdn. Bhd. (“Sediacom”) as of 30 June 2025, as set out in the table below:-

 

Type of Financial Assistance

Aggregate amount 

as at 30 June 2025

(RM)

Advances to Sediacom

3,900,000.00

Corporate guarantee in favour of Hong Leong Bank Berhad for the banking facilities granted to Sediacom

427,403.00

Corporate guarantee in favour of Malayan Banking Berhad for the banking facilities granted to Sediacom

3,000,000.00

Total

7,327,403.00

 

The Financial Assistance provided was to facilitate the operations and financial affairs of Sediacom.

 

The Financial Assistance provided does not have any material effect on the earnings per share, net assets per share and gearing of the Group.

 

This announcement is dated 11 August 2025.



Announcement Info

Company Name MASTER TEC GROUP BERHAD
Stock Name MTEC
Date Announced 11 Aug 2025
Category General Announcement for PLC
Reference Number GA1-07082025-00011


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