PROVISION OF FINANCIAL ASSISTANCE
TSR CAPITAL BERHAD |
Type | Announcement |
Subject | PROVISION OF FINANCIAL ASSISTANCE |
Description | TSR CAPITAL BERHAD (''TSR'' OR ''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 WCT TSR Sdn Bhd, a 49% joint venture company of TSR to facilitate ordinary course of business of TSR Group utilised as at 30 June 2022 is as shown below:-
i. corporate guarantee amounted to RM45,982,000 in favour of a financial institution for banking facilities granted to WCT TSR Sdn Bhd; and
ii. corporate guarantee amounted to RM4,434,500 in favour of suppliers for goods and services granted to WCT TSR Sdn Bhd.
The provision of financial assistance does not have any material impact on the net assets and earnings per share for the current quarter ended 30 June 2022.
This announcement is dated 30 August 2022. |
Announcement Info
Company Name | TSR CAPITAL BERHAD |
Stock Name | TSRCAP |
Date Announced | 30 Aug 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-30082022-00067 |