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PROVISION OF FINANCIAL ASSISTANCE

FAJARBARU BUILDER GROUP BHD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description
FAJARBARU BUILDER GROUP BHD ("FBG" or "the Company")
- Financial Assistance to Associate Company
The 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 for the quarter ended 31 December 2020 which is necessary to facilitate the ordinary course of business of the associate of FBG as follows:-
Associate
Financial Assistance
Amount
BFB Project Pty. Ltd.
Advance
AUD9,332,517.98
(Equivalent to RM28,898,141.93)
Kerjaya Jutamas Sdn. Bhd.
Advance
RM3,300,000.00
The above provision of Financial Assistance has no material impact on the share capital, earnings, net assets and gearing of FBG Group.

This announcement is dated 23 February 2021.

 

 






Announcement Info

Company Name FAJARBARU BUILDER GROUP BHD
Stock Name FAJAR
Date Announced 23 Feb 2021
Category General Announcement for PLC
Reference Number GA1-23022021-00121




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