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OTHERS Approval from the "Kementerian Perumahan dan Kerajaan Tempatan" ("KPKT") to Food Cheetah Sdn. Bhd., a wholly-owned subsidiary of MSCM Holdings Berhad, on the application for Money Lending Licence pursuant to Moneylenders Act 1951

MSCM HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
Approval from the "Kementerian Perumahan dan Kerajaan Tempatan" ("KPKT") to Food Cheetah Sdn. Bhd., a wholly-owned subsidiary of MSCM Holdings Berhad, on the application for Money Lending Licence pursuant to Moneylenders Act 1951

The Board of Directors of MSCM Holdings Berhad (formerly known as PanPages Berhad) (“Company” or “MSCM”) wishes to announce that Food Cheetah Sdn. Bhd. (“FCSB”), a wholly-owned subsidiary of the Company, has today received the Money Lending Licence (“Money Lending Licence”) issued by the Registrar of Moneylenders of Kementerian Perumahan dan Kerajaan Tempatan on 15 November 2019. 

Pursuant to the Money Lending Licence, FCSB was granted the licence to undertake any business of those relating to the money lending activities.

The acceptance of the Money Lending Licence will not have any material impact on the earnings per share, net assets per share, share capital, gearing and substantial shareholders' shareholdings of the Company and its subsidiaries for the financial year ending 31 March 2020.

None of the Directors and/or major shareholders of the Company and/or persons connected with them have any direct or indirect interest in the acceptance of the said Licence.  

This announcement is dated 18 November 2019.






Announcement Info

Company Name MSCM HOLDINGS BERHAD
Stock Name MYSCM
Date Announced 18 Nov 2019
Category General Announcement for PLC
Reference Number GA1-18112019-00049