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 31st March 2020 to facilitate the ordinary course of business of its non-wholly owned subsidiary, Heap Wah Enterprise Sdn Bhd are as per Table below.
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Type of Financial Assistance
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as at 31st March 2020
Amount (RM)
|
|
1. Corporate Guarantees to suppliers
2. Corporate Guarantee to bank
|
4,450,000
500,000
|
|
Total
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4,950,000
|