OTHERS SUNSURIA BERHAD ("SUNSURIA" OR "COMPANY") (I) PROPOSED SUBSCRIPTION OF BHP DEVELOPMENT; (II) PROPOSED PROVISION OF FINANCIAL ASSISTANCE TO BHP DEVELOPMENT; (III) PROPOSED ACQUISITION OF BUMILEX; AND (IV) PROPOSED PROVISION OF FINANCIAL ASSISTANCE TO MONTFLEX. (COLLECTIVELY REFERRED TO AS "PROPOSALS")
| SUNSURIA BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | SUNSURIA BERHAD ("SUNSURIA" OR "COMPANY")
(I) PROPOSED SUBSCRIPTION OF BHP DEVELOPMENT;
(II) PROPOSED PROVISION OF FINANCIAL ASSISTANCE TO BHP DEVELOPMENT;
(III) PROPOSED ACQUISITION OF BUMILEX; AND
(IV) PROPOSED PROVISION OF FINANCIAL ASSISTANCE TO MONTFLEX.
(COLLECTIVELY REFERRED TO AS "PROPOSALS") |
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(Unless otherwise stated, all abbreviations used in this announcement shall have the same meaning as defined in the Company’s circular to shareholders in relation to the Proposals dated 21 January 2021) We refer to the Company’s announcements dated 2 October 2020, 20 January 2021, 21 January 2021, 5 February 2021, 8 February 2021 and 22 February 2021 in relation to the Proposals. The Board wishes to announce that pursuant to the banking facilities of RM340.0 million granted by OCBC Bank (Malaysia) Berhad to BHP Development (“Facilities”), the Company has on 2 July 2021 granted the corporate guarantee for 51.0% of the Facilities amounting to RM173.4 million which is in proportion to the Company’s 51.0% shareholding in BHP Development. This announcement is dated 2 July 2021. |
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Announcement Info
| Company Name | SUNSURIA BERHAD |
| Stock Name | SUNSURIA |
| Date Announced | 02 Jul 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11062021-00085 |