1. Introduction
Pursuant to Paragraph 8.23(1)(ii) and Practice Note No. 11 of the Bursa Securities Main Market Listing Requirements, the Board of CHHB wishes to announce that the aggregate amount of financial assistance provided as at 30 June 2014 to facilitate the ordinary course of business of CHHB group is as per Table A below:-
TABLE A
No. | Type of Financial Assistance | Amount (RM) |
1. | Corporate Guarantee in favour of Bank Pembangunan Malaysia Berhad as security for Term Loan Facility of RM15,000,000 ("the Facility"). | 15,000,000 |
As at 31 March 2014, the Company has drawdown balance of RM7,751,931 of the Facility granted by Bank Pembangunan Malaysia Berhad.
2. Financial Impact
The Provision of Financial Assistance has no material effect to the earnings per share, net assets per share, gearing, share capital and substantial shareholders' shareholding of CHHB for the financial year ending 31 December 2014.
This announcement is dated 27 August 2014.