Pursuant to paragraph 8.23(1)(ii) of the Bursa Malaysia Securities Berhad's Listing Requirements and Practice Note 11/2001, the Board of Directors wishes to announce that the aggregate amount of financial assistance provided as at 30th September 2019 to facilitate the ordinary course of business of its non-wholly owned subsidiary, Heap Wah Enterprise Sdn Bhd are as per Table below.
|
Type of Financial Assistance
|
as at 30th September 2019
Amount (RM)
|
|
1. Corporate Guarantees to suppliers
2. Corporate Guarantee to bank
|
4,450,000
500,000
|
|
Total
|
4,950,000
|