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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SEDANIA INNOVATOR BERHAD ("SEDANIA" OR "THE COMPANY") - PROVISION OF FINANCIAL ASSISTANCE TO OFFSPRING INC SDN. BHD., A 51% OWNED SUBSIDIARY OF THE COMPANY

SEDANIA INNOVATOR BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
SEDANIA INNOVATOR BERHAD ("SEDANIA" OR "THE COMPANY") -  PROVISION OF FINANCIAL ASSISTANCE TO OFFSPRING INC SDN. BHD., A 51% OWNED SUBSIDIARY OF THE COMPANY

The Board of Directors (“Board”) of Sedania Innovator Berhad (“Sedania” or “the Company”) wishes to announce that the Board has approved the provision of financial assistance in the form of a one-off loan of up to RM1.35 million to Offspring Inc Sdn. Bhd. (“Offspring”), a 51% owned subsidiary of the Company, to finance the business operations and working capital requirements of Offspring (“Provision of Financial Assistance”), subject to the mutual agreement of the salient terms as stipulated in the loan agreement entered into between Sedania and Offspring (“Loan Agreement”). 

 

Please refer to the attachment for further details. 

 

This announcement is dated 2 August 2021. 




Please refer attachment below.



Announcement Info

Company Name SEDANIA INNOVATOR BERHAD
Stock Name SEDANIA
Date Announced 02 Aug 2021
Category General Announcement for PLC
Reference Number GA1-29072021-00076




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