MINETEC

0.150

+0.005 (+3.4%)

OTHERS Minetech Resources Berhad ("MRB" or "the Company") - Provision of Financial Assistance pursuant to Practice Note No. 11/2001 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

MINETECH RESOURCES BERHAD

Type Announcement
Subject OTHERS
Description
Minetech Resources Berhad ("MRB" or "the Company") - Provision of Financial Assistance pursuant to Practice Note No. 11/2001 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

The Board of Directors of MRB wishes to announce that pursuant to Practice Note No. 11/2001, the aggregate amount of financial assistance provided during the quarter ended 31 March 2020 to facilitate the ordinary course of business of the Company and the Group is tabulated below:-

 

Type of Financial Assistance

Company Level

(RM’000)

Group Level

(RM’000)

1.

Corporate Guarantee

 

 65

 13,568

2.

Bank Guarantee

 

 -

 5,753

 

Total financial assistance provided during the quarter ended 31 March 2020

 65

 19,321

 

There would be no significant financial impact to the earnings and cash flow of MRB Group as a result of the above financial assistance granted during the reporting quarter as these guarantees are not expected to be realised and called upon.

 

The announcement is dated 30 June 2020.






Announcement Info

Company Name MINETECH RESOURCES BERHAD
Stock Name MINETEC
Date Announced 30 Jun 2020
Category General Announcement for PLC
Reference Number GA1-15062020-00062