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PROVISION OF FINANCIAL ASSISTANCE

TA ENTERPRISE BERHAD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description
PROVISION OF FINANCIAL ASSISTANCE PURSUANT TO PARAGRAPHS 3.1 AND 3.3 OF THE PRACTICE NOTE 11 OF THE BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTS

Pursuant to paragraph 3.1 of the Practice Note 11 of the Main Market Listing Requirements Bursa Malaysia Securities Berhad (“MMLR”), the Board of TA Enterprise Berhad wishes to announce that the Company’s subsidiary, TA Capital Sdn Bhd, had provided new financial assistance during the reporting quarter ended 30 June 2020 as stated below:-

 

Types of financial assistance:

  • ESOS loan facility amounting to RM 3,454,436.80.

Financial impact:

  • The aforesaid provision of financial assistance has increased the Group’s earnings and net asset for the financial quarter ended 30 June 2020 by the interest earned of RM 7,434.09. The provision has no effects on the share capital and substantial shareholders’ shareholding of the Group.

Saved as disclosed in above, none of the Directors of the Company, substantial shareholders and persons connected with the Directors and substantial shareholders of the Company has any interest, whether direct or indirect, in the provision of financial assistance.

 

The Board also wishes to furnish the quarterly disclosure for TA Capital Sdn. Bhd. for the quarter ended 30 June 2020 in accordance with paragraph 3.3 of the Practice Note 11 of the MMLR as attached. This has been separately announced earlier on 9 July 2020, pursuant to paragraph 8.23(2)(e) of the MMLR.

 

This announcement is dated 26 August 2020.




Please refer attachment below.



Announcement Info

Company Name TA ENTERPRISE BERHAD
Stock Name TA
Date Announced 26 Aug 2020
Category General Announcement for PLC
Reference Number GA1-26082020-00037