General Announcement for PLC

25/02/2022

PROVISION OF FINANCIAL ASSISTANCE

SUNZEN BIOTECH BERHAD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description 
SUNZEN BIOTECH BERHAD ("THE COMPANY" OR "SUNZEN") 
- PROVISION OF FINANCIAL ASSISTANCE PURSUANT TO RULE 8.25(2)(e) AND GUIDANCE NOTE 4 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("LISTING REQUIREMENTS")

Pursuant to Rule 8.25(2)(e) and Guidance Note 4 of the Listing Requirements, the Board of Directors of Sunzen wishes to announce the aggregate amount of financial assistance provided by its wholly-owned subsidiary, Finsource Credit (M) Sdn. Bhd. (formerly known as Finsource Solution Sdn. Bhd.) (“Finsource”), a moneylending company in the ordinary course of its business for the financial quarter ended 31 December 2021 as set out below:

 

Type of Financial Assistance

Amount

(RM)

Loans extended to customers in the ordinary course of Finsource’s business, inclusive of the future interest income of RM22,180,005

47,287,112

Total

47,287,112

 

The provision of financial assistance as set out above have no significant impact on the net assets and earnings per share of Sunzen Group for the period ended 31 December 2021.

 

The details of the provision of financial assistance pursuant to Rule 8.25(1)(ii) of the Listing Requirements are set out in the attachment.

 

This announcement is dated 25 February 2022.


Please refer attachment below.


Announcement Info

Company Name SUNZEN BIOTECH BERHAD
Stock Name SUNZEN
Date Announced 25 Feb 2022
Category General Announcement for PLC
Reference Number GA1-22022022-00067


Related Announcements for SUNZEN
Date Title
24/08/2022 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES SUNZEN BIOTECH BERHAD ("SUNZEN" OR THE "COMPANY") BONUS ISSUE OF WARRANTS
06/07/2022 PROVISION OF FINANCIAL ASSISTANCE
24/06/2022 OTHERS SUNZEN BIOTECH BERHAD ("THE COMPANY" OR "SUNZEN") - CLARIFICATION ON THE ARTICLE PUBLISHED IN THE NEW STRAITS TIMES, BUSINESS NEWS, PAGE 14 ON FRIDAY, 24 JUNE 2022
26/05/2022 PROVISION OF FINANCIAL ASSISTANCE
20/04/2022 OTHERS SUNZEN BIOTECH BERHAD ("SUNZEN" OR "THE COMPANY") - PROPOSED RENEWAL OF AUTHORITY FOR PURCHASE OF OWN SHARES BY THE COMPANY ("THE PROPOSAL")
08/04/2022 PROVISION OF FINANCIAL ASSISTANCE
24/03/2022 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES SUNZEN BIOTECH BERHAD ("SUNZEN" OR THE "COMPANY") PROPOSED BONUS ISSUE OF WARRANTS
22/02/2022 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES SUNZEN BIOTECH BERHAD ("SUNZEN" OR THE "COMPANY") PROPOSED BONUS ISSUE OF WARRANTS
16/02/2022 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES SUNZEN BIOTECH BERHAD ("SUNZEN" OR THE "COMPANY") PROPOSED BONUS ISSUE OF WARRANTS
11/01/2022 PROVISION OF FINANCIAL ASSISTANCE