MINETEC

0.155

-0.005 (-3.1%)

OTHERS Minetech Resources Berhad ("Minetech" or "the Company") - Provision of Financial Assistance pursuant to Practice Note No. 11/2001 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

MINETECH RESOURCES BERHAD

Type Announcement
Subject OTHERS
Description
Minetech Resources Berhad ("Minetech" or "the Company") - Provision of Financial Assistance pursuant to Practice Note No. 11/2001 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

The Board of Directors of Minetech wishes to announce that pursuant to Practice Note No. 11/2001, the aggregate amount of financial assistance provided during the quarter ended 30 September 2021 to facilitate the ordinary course of business of the Company and the Group is tabulated below:-

 

 

Type of Financial Assistance

Company Level

(RM’000)

Group Level

(RM’000)

1.

Corporate Guarantee

 

9

52,524

2.

Bank Guarantee

 

-

3,111

 

Total financial assistance provided during the quarter ended 30 September 2021

9

55,635

 

There would be no significant financial impact to the earnings and cash flow of Minetech Group as a result of the above financial assistance granted during the reporting quarter as these guarantees are not expected to be realised and called upon.

 

The announcement is dated 29 November 2021.






Announcement Info

Company Name MINETECH RESOURCES BERHAD
Stock Name MINETEC
Date Announced 29 Nov 2021
Category General Announcement for PLC
Reference Number GA1-25112021-00011