HONGSENG

0.015

+0.005 (+50%)

PROVISION OF FINANCIAL ASSISTANCE

HONG SENG CONSOLIDATED BERHAD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description
HONG SENG CONSOLIDATED BERHAD ("HONG SENG") AND ITS SUBSIDIARIES

PROVISION OF FINANCIAL ASSISTANCE - QUARTERLY DISCLOSURE PURSUANT TO PARAGRAPH 8.23(1)(ii) AND PRACTICE NOTE 11 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Pursuant to Paragraph 8.23(1)(ii) and Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements”), the Board of Directors of Hong Seng wishes to announce the financial assistance provided by its wholly-owned subsidiary, Hong Seng Capital Sdn Bhd (“HSCSB”), a money lending company, pursuant to its ordinary course of business as at 31 December 2023 as set out below:-

Type of Financial Assistance
Amount (RM)
Loans extended to customers in the ordinary course of HSCSB’s business
100,043,543

The provision of financial assistance as set out above have no material impact on the net assets and earnings per share of Hong Seng and its subsidiaries for the period ended 31 December 2023.

The details of the Provision of Financial Assistance pursuant to Paragraph 8.23(1)(ii) of the Listing Requirements are set out in the attachment.

This announcement is dated 27 February 2024.



Please refer attachment below.



Announcement Info

Company Name HONG SENG CONSOLIDATED BERHAD
Stock Name HONGSENG
Date Announced 27 Feb 2024
Category General Announcement for PLC
Reference Number GA1-22022024-00067