ECOHLDS

0.080

-0.005 (-5.9%)

PROVISION OF FINANCIAL ASSISTANCE

ECOBUILT HOLDINGS BERHAD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description
ECOBUILT HOLDINGS BERHAD ("ECOBUILT" OR "THE COMPANY") - QUARTERLY DISCLOSURE ON THE PROVISION OF FINANCIAL ASSISTANCE

Pursuant to Paragraph 8.23(1)(ii) and Paragraph 3.0 of the Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of the Company wishes to announce that the aggregate amount of financial assistance provided to its wholly-owned subsidiary, Rexallent Construction Sdn Bhd (“RCSB”) to facilitate ordinary course of business of RCSB utilised as at 30 November 2021 is as shown below:-

 

Type of Financial Assistance

Amount as at 30 November 2021 (RM)

 

Corporate Guarantee in favour of AmBank Islamic Berhad for banking facilities utilised by RCSB

Banking Facilities

Domestic Recourse Factoring-i Facility

 

NIL

 

The provision of financial assistance will not have any material impact on the net assets, earnings per share, gearing, share capital and substantial shareholders’ shareholdings in the Company and its subsidiaries for the financial period ended 30 November 2021.

 

This announcement is dated 27 January 2022. 






Announcement Info

Company Name ECOBUILT HOLDINGS BERHAD
Stock Name ECOHLDS
Date Announced 27 Jan 2022
Category General Announcement for PLC
Reference Number GA1-26012022-00123