RALCO

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS RALCO CORPORATION BERHAD ("RALCO" OR "THE COMPANY") - AMENDMENT ON THE TERMS OF THE EXISTING LOAN AGREEMENT(S) AND ACCEPTANCE OF NEW LOAN(S) PROVIDED BY MAJOR SHAREHOLDER

RALCO CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
RALCO CORPORATION BERHAD ("RALCO" OR "THE COMPANY") 
- AMENDMENT ON THE TERMS OF THE EXISTING LOAN AGREEMENT(S) AND ACCEPTANCE OF NEW LOAN(S) PROVIDED BY MAJOR SHAREHOLDER
The Board of Directors of Ralco (“Board”) wishes to announce that the wholly owned subsidiaries of Ralco, namely Ralco Compounding Sdn. Bhd. ("RCSB") and Ralco Plastic Sdn. Bhd. ("RPSB") had on 9 April 2024 entered into the Agreements for the following transactions:-

a) to extend the loan repayment period for another one (1) year i.e. from 30 September 2024 to 30 September 2025, for the existing Acknowledgment of Debts (“Loan Agreement”) entered on 30 September 2019 in relation to the interest free loan granted by the Lender(s) :-

(i) RM300,000 granted by Akar Prestij Sdn. Bhd. (“Akar Prestij”) to RCSB.
(ii) RM500,000 granted by Newaction Marketing Sdn. Bhd. (“Newaction”) to RCSB
(iii) RM140,000 granted by Peranan Sepakat Sdn. Bhd. (“Peranan Sepkat”) to RCSB.
(iv) RM14,350,000 granted by Newaction to RPSB
(v) RM200,000 granted by Jayamas Daya Sdn. Bhd. (“Jayamas Daya”) to RPSB
[Collectively referred to as “Transaction 1” OR “T1”]

b) to accept an interest free loan of RM3,450,000 from Newaction by RPSB with a repayment period of 31 December 2015 [“Transaction 2” or “T2”].

c) to accept a loan of RM1,000,000 at an interest rate of 4.34% per annum from Newaction by RPSB with a repayment period of 31 March 2027 [“Transaction 3” or “T3”]

​Kindly refer to the attachment for further details.

This announcement is dated 9 April 2024.



Please refer attachment below.

Attachments

Annt - Ralco.pdf
307.6 kB



Announcement Info

Company Name RALCO CORPORATION BERHAD
Stock Name RALCO
Date Announced 09 Apr 2024
Category General Announcement for PLC
Reference Number GA1-09042024-00102