We refer to our announcement made on 5 July 2024 ("the Announcement") in relation to the financial assistance provided by Velocity's wholly-owned subsidiary, Velocity Capital Sdn. Bhd. (formerly known as CSH Network Capital Sdn. Bhd.), a moneylending company, pursuant to its ordinary course of business for the quarter ended 30 June 2024, and wish to clarify that the aggregate amount of outstanding loans as at 30 June 2024 should be read as below (please refer to the amendments as underlined):
Category of Loan Debtors
|
Secured
(RM)
|
Unsecured
(RM)
|
Total
(RM)
|
Corporations
|
134,643,368
|
3,930,751
|
138,574,119
|
Individuals
|
86,085,996
|
3,794,675
|
89,880,671
|
Company within Velocity Capital Partner Berhad (formerly known as CSH Alliance Berhad) and its subsidiaries (“the Group”)
|
-
|
-
|
-
|
Related parties
|
-
|
-
|
-
|
Total
|
220,729,364
|
7,725,426
|
228,454,790
|
Apart from the abovementioned, there are no changes to the other contents of the Announcement.
Kindly refer to the attachment for the updated quarterly report on the provision of financial assistance as at 30 June 2024.
This amended announcement is dated 9 July 2024.