LBS

0.735

(%)

PROVISION OF FINANCIAL ASSISTANCE

LBS BINA GROUP BERHAD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description
PROVISION OF FINANCIAL ASSISTANCE PURSUANT TO PARAGRAPH 8.23 (1)(ii) AND PRACTICE NOTE 11 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Pursuant to Paragraph 8.23(1)(ii) and Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements”), the Board of Directors of LBS Bina Group Berhad ("LBGB" or the “Company”) wishes to announce the aggregate amount of financial assistance provided by its wholly-owned subsidiary, LBS Capital Sdn. Bhd. (“LCSB”), a money lending company, pursuant to its ordinary course of business as at 31 December 2020 as set out below: -

 

Type of Financial Assistance  Amount (RM)
Loans extended to customers in the ordinary course of LCSB’s business 7,970,916.91


The provision of financial assistance as set out above have no significant impact on the net assets and earnings per share of LBGB Group for the period ended 31 December 2020.


The details of the Provision of Financial Assistance pursuant to Paragraph 8.23(1)(ii) of the Listing Requirements are set out in the attachment.


This announcement is dated 25 February 2021.




Please refer attachment below.



Announcement Info

Company Name LBS BINA GROUP BERHAD
Stock Name LBS
Date Announced 25 Feb 2021
Category General Announcement for PLC
Reference Number GA1-18022021-00093