CABNET

0.295

(%)

OTHERS Cabnet Holdings Berhad (Cabnet or the Company) - Acceptance of Credit Facilities by Cabnet Systems (M) Sdn. Bhd., a wholly-owned subsidiary of Cabnet.

CABNET HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
Cabnet Holdings Berhad (Cabnet or the Company)
-	Acceptance of Credit Facilities by Cabnet Systems (M) Sdn. Bhd., a wholly-owned subsidiary of Cabnet.

We refer to the announcement dated 17 September 2019 in relation to the acceptance of credit facilities by Cabnet Systems (M) Sdn Bhd (“CSM”), a wholly-owned subsidiary of Cabnet (“Announcement”). Unless otherwise stated, the terms used herein shall have the same meaning as those defined in the Announcement.

 

The Board of Directors of Cabnet (“Board”) wishes to announce that Public Bank Berhad (“the Bank”) had via its’ letter(s) dated 10 October 2019 and 17 October 2019 issued a new Letter of Offer (Ref: A/A No. TSA/001230/19) (“New Letter of Offer”) to CSM in respect of the Credit Facilities. The previous Letter of Offer dated 10 June 2019 (Ref: A/A No. TSA/000511/19) (“Previous Letter of Offer”) which was accepted by CSM on 17 September 2019 had lapsed on 10 September 2019. In this regard, the Bank had issued the New Letter of Offer to CSM to incorporate a new validity period for the New Letter of Offer to 10 November 2019.

 

The New Letter of Offer shall supercede and cancel the Previous Letter of Offer. All the terms and conditions stated in the New Letter of Offer in respect of the Credit Facilities granted to CSM remain unchanged. Kindly refer to the Announcement dated 17 September 2019, for details of the Credit Facilities.

 

The Board wishes to announce that on 22 October 2019, CSM had accepted the New Letter of Offer by the Bank.

 

This announcement is dated 22 October 2019.






Announcement Info

Company Name CABNET HOLDINGS BERHAD
Stock Name CABNET
Date Announced 22 Oct 2019
Category General Announcement for PLC
Reference Number GA1-15102019-00018