DKLS

1.910

(%)

PROVISION OF FINANCIAL ASSISTANCE

DKLS INDUSTRIES BHD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description
QUARTERLY DISCLOSURE PURSUANT TO PARAGRAPH 8.23(1) OF THE MAIN MARKET LISTING REQUIREMENTS

Pursuant to Paragraph 8.23(1) and Practice Note No. 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, on behalf of the Board of Directors of DKLS Industries Berhad (“DKLS”), we wish to announce that DKLS Construction Sdn Bhd, its wholly owned subsidiary, has granted contract advances to a main contractor and the amount of the financial assistance provided as at 30 September 2021 to facilitate the ordinary course of its business is set out in the table below:

 

Type of Financial Assistance

Party

Total balance amount as at 30 September 2021

 

Contract advances

 

 

Main contractor

 

RM22,199,800

 

The above provision of financial assistance does not have any material financial impact on the earnings, net assets and liquidity of DKLS Group.

 

None of the directors and/or major shareholders of DKLS or any person connected to them has any interest, direct or indirect, in the above transaction.

 

This announcement is dated 23 November 2021.






Announcement Info

Company Name DKLS INDUSTRIES BHD
Stock Name DKLS
Date Announced 23 Nov 2021
Category General Announcement for PLC
Reference Number GA1-23112021-00080