General Announcement for PLC

25/08/2022

PROVISION OF FINANCIAL ASSISTANCE

SALCON BERHAD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description 
Salcon Berhad ("Salcon" or "the Company")
- Provision of Financial Assistance

Pursuant to paragraph 8.23(1)(ii) and Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to update that the aggregate amount of the financial assistance provided by Kencana Kesuma Sdn Bhd (“KK”), a wholly-owned subsidiary of Salcon for the second quarter from 1 April 2022 to 30 June 2022, which is necessary to facilitate the ordinary course of business of the following company within the Salcon Group, are as below:-

Company

Type of Financial Assistance provided

Amount of Financial Assistance provided for the Second quarter ended 30 June 2022 (RM)

Aggregate amount of Financial Assistance provided as at 30 June 2022 (RM)

JR Engineering and Medical Technologies (M) Sdn Bhd (“JREMT”)

Term Loan

0.00

0.00

 

JREMT has fully settled the RM6.00 million loan from KK in June 2022 and the Company has no more provision of financial assistance outstanding as of to-date.

Therefore, no further announcement will be made in relation to the provision of financial assistance until a new provision of financial assistance is provided by the Company.



Announcement Info

Company Name SALCON BERHAD
Stock Name SALCON
Date Announced 25 Aug 2022
Category General Announcement for PLC
Reference Number GA1-17082022-00068


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