TSRCAP

0.265

(%)

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 September 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 RM4,581,500 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 September 2022.

 

This announcement is dated 29 November 2022.






Announcement Info

Company Name TSR CAPITAL BERHAD
Stock Name TSRCAP
Date Announced 29 Nov 2022
Category General Announcement for PLC
Reference Number GA1-29112022-00059