PA

0.355

(%)

PROVISION OF FINANCIAL ASSISTANCE

P.A. RESOURCES BERHAD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description
Dominasi Reka Sdn. Bhd.

Pursuant to paragraph 8.23(2)(e) and paragraph 3 of Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the amount of financial assistance provided as at 30 September 2021 to facilitate the ordinary course of business of the subsidiary, Dominasi Reka Sdn. Bhd. (the Subsidiary) is set out below:-

 

1. The aggregate amount of outstanding advances (“Loans”) given by the subsidiary to the individuals is RM4,317,370.15

 

2. The aggregate amount of Loans in default are as follows:

 

a) At the beginning of the year: RM51,085.00

b) Classified as Loans in default during the financial year: RM4,679.00

c) Amount written off: RM647,288.59

d) Total and net Loans in default at the end of the year: RM55,764.00

e) Ratio of net Loans in default to net Loans or advances: 1.29%

 

3. The top 5 Loans are set out below:-

Chin Yee Chen

1. Personal Loan

2. Loan Amount: RM162,270.00

3. Amount Outstanding: RM104,184.24

4. Security: None

5. Related Party: No

6. Monthly Instalment: RM1,885.00

 

Voon Vui Kien

1. Personal Loan

2. Loan Amount: RM153,594.00

3. Amount Outstanding: RM89,833.00

4. Security: None

5. Related Party: No

6. Monthly Instalment: RM1,864.00 

 

Liew Su Min

1. Personal Loan

2. Loan Amount: RM140,400.00

3. Amount Outstanding: RM73,680.45

4. Security: None

5. Related Party: No

6. Monthly Instalment: RM1,631.00 

 

Kwang Ah Tsai

1. Personal Loan

2. Loan Amount: RM158,400.00

3. Amount Outstanding: RM72,507.03

4. Security: None

5. Related Party: No

6. Monthly Instalment: RM1,840.00 

 

Lim Nyuk Sang

1. Personal Loan

2. Loan Amount: RM201,600.00

3. Amount Outstanding: RM67,509.14

4. Security: None

5. Related Party: No

6. Monthly Instalment: RM2,760.00 

 

The financial assistance provided during the quarter does not have any material impact on the earnings, net assets and gearing of P.A. Resources Berhad.

 

The announcement is dated 23 November 2021.






Announcement Info

Company Name P.A. RESOURCES BERHAD
Stock Name PA
Date Announced 23 Nov 2021
Category General Announcement for PLC
Reference Number GA1-23112021-00044