General Announcement for PLC

31/05/2022

PROVISION OF FINANCIAL ASSISTANCE

FINTEC GLOBAL BERHAD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description 
FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"]
- QUARTERLY DISCLOSURE PURSUANT TO SECTION 3.0 OF GUIDANCE NOTE 4 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Pursuant to Section 3.0 of Guidance Note 4 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of FINTEC wishes to announce the aggregate amount of financial assistance provided by its wholly-owned subsidiary, Fintec Capital Sdn. Bhd. (“FC”), a moneylending company, pursuant to its ordinary course of business for the quarter ended 31 March 2022 is set out below:-

 

1. The aggregate amount of outstanding loans as at 31 March 2022 given out by FC are as follows:-

 

 

 Category of Loan Debtors

Secured

Unsecured

Total

 

 

RM’000

RM’000

RM’000

(a)

Corporations

-

-

-

(b)

Individuals

-

4,115

4,115

(c)

Companies within FINTEC and its subsidiaries (“Group”)

-

-

-

(d)

Related Parties

-

-

-

 

Total     

-

4,115

4,115

 

2. The total borrowings as at 31 March 2022 are as follows:-

 

 

 

RM’000

(a)

Loans given by the Group to FC

 4,115

(b)

Borrowings which are secured by the Group in favour of FC

-

(c)

Other borrowings         

-

Total borrowings

 4,115

 

3. The aggregate amount of Loans in default as at 31 March 2022 are as follows:-

 

 

 

RM’000

(a)

At the beginning of the financial year

-

(b)

Classified as Loans in default during the financial year

4,115

(c)

Reclassified as Loans performing during the financial year 

-

(d)

Amount recovered

-

(e)

Amount written off

-

(f)

Loans converted to securities

-

(g)

Total and net Loans in default at the end of the year

-

(h)

Ratio of net Loans in default to net Loans or advances

 100%

 

4. The top 5 Loans (with aggregation of Loans given to the same person or persons connected with each other), setting out (where applicable) as follows:-

 

 

 

1

2

3

(a)

Facility type / Limit

Unsecured

Unsecured

Unsecured

(b)

Amount outstanding (RM)

1,371,562.50

1,371,562.50

1,371,562.50

(c)

Security provided

None

None

None

(d)

Value of security (RM’000)

Not applicable

Not applicable

Not applicable

(e)

Recipient of loan (related or non-related)

Non-related

Non-related

Non-related

(f)

Terms of repayment (months)

3

3

3

 

This announcement is dated 31 May 2022.

 



Announcement Info

Company Name FINTEC GLOBAL BERHAD
Stock Name FINTEC
Date Announced 31 May 2022
Category General Announcement for PLC
Reference Number GA1-25052022-00024


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