UEMS

0.990

-0.04 (-3.9%)

PROVISION OF FINANCIAL ASSISTANCE

UEM SUNRISE BERHAD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description
UEM Sunrise Berhad ("UEM Sunrise" or the "Company")
Provision of Financial Assistance 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”), we wish to announce the aggregate amount of financial assistance provided by the Company’s wholly-owned subsidiary, Nusajaya Rise Sdn Bhd, a licensed moneylending company (previously undertaken by UEM Land Berhad) pursuant to its ordinary course of moneylending business as at 31 December 2023 as set out below:

Type of Financial Assistance

During the quarter ended

31 December 2023 (RM)

Cumulative Balance* as at

31 December 2023 (RM)

Unsecured Term Loan

RM44,969

RM2,577,262

Note: * Inclusive of the outstanding balance of the financial assistance provided by UEM Land Berhad, previously a licensed moneylending company.

The above provision of financial assistance had no significant impact on the net assets and earnings per share of UEM Sunrise Group for the financial year ended 31 December 2023.

The details of the provision of financial assistance as at 31 December 2023 pursuant to Paragraph 8.23(2)(e) of the Listing Requirements are set out in the attachment.

This announcement is dated 27 February 2024.




Please refer attachment below.

Attachments

Provision FA Q4 FY2023.pdf
841.3 kB



Announcement Info

Company Name UEM SUNRISE BERHAD
Stock Name UEMS
Date Announced 27 Feb 2024
Category General Announcement for PLC
Reference Number GA1-27022024-00058