General Announcement for PLC
14/09/2021PROVISION OF FINANCIAL ASSISTANCE
AMCORP PROPERTIES BERHAD |
Type | Announcement |
Subject | PROVISION OF FINANCIAL ASSISTANCE |
Description | Amcorp Properties Berhad ("AMPROP") - Provision of Financial Assistance |
Pursuant to paragraph 8.23(1)(ii) and paragraph 3 of Practice Note 11 of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the financial assistance provided for the quarter ended 30 June 2021 to facilitate the ordinary course of business of AMPROP Group is set out below: 1. Unsecured Subordinated Loan Notes value at £3,827,100 (equivalent to approximately RM22.0 million based on exchange rate of £1:RM5.7510 on 30 June 2021) subscribed by AMPROP as financial assistance to a joint venture, Bankside Quarter (Jersey) Limited to fund the development and working capital of the project. The financial assistance provided does not have any material impact on the earnings, net assets and gearing of AMPROP Group. This announcement is dated 14 September 2021. |
Announcement Info
Company Name | AMCORP PROPERTIES BERHAD |
Stock Name | AMPROP |
Date Announced | 14 Sep 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-03092021-00019 |