PROVISION OF FINANCIAL ASSISTANCE
AMCORP PROPERTIES BERHAD |
Type | Announcement |
Subject | PROVISION OF FINANCIAL ASSISTANCE |
Description | Amcorp Properties Berhad ("AMPROP") - Provision of Financial Assistance |
Pursuant to paragraph 8.23(1)(ii) and paragraph 3 of Practice Note 11 of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the financial assistance provided for the quarter ended 31 December 2020 to facilitate the ordinary course of business of AMPROP Group is set out below: 1. Unsecured Subordinated Loan Notes value at £5,372,700 (equivalent to approximately RM29.4 million based on exchange rate of £1:RM5.4745 on 31 December 2020) subscribed by AMPROP as financial assistance to a joint venture, Bankside Quarter (Jersey) Limited to fund the development and working capital of the project. The financial assistance provided does not have any material impact on the earnings, net assets and gearing of AMPROP Group. This announcement is dated 10 February 2021. |
Announcement Info
Company Name | AMCORP PROPERTIES BERHAD |
Stock Name | AMPROP |
Date Announced | 10 Feb 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-03022021-00088 |