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HOOVER

0.590

(%)

PROVISION OF FINANCIAL ASSISTANCE

GRAND HOOVER BERHAD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description
Provision of financial assistance.

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 2018 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 2018

               Amount (RM)

  1. Corporate Guarantees to suppliers

  2. Corporate Guarantee to bank

                 4,4500,000

                      500,000

    Total

                   4,950,000






Announcement Info

Company Name GRAND HOOVER BERHAD
Stock Name HOOVER
Date Announced 27 Nov 2018
Category General Announcement for PLC
Reference Number GA1-16112018-00015