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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 Solution Sdn. Bhd. (“Finsource”), a moneylending company in the ordinary course of its business for the financial quarter ended 30 September 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 RM15,973,756

34,615,309

Total

34,615,309

 

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 30 September 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 24 November 2021.




Please refer attachment below.



Announcement Info

Company Name SUNZEN BIOTECH BERHAD
Stock Name SUNZEN
Date Announced 24 Nov 2021
Category General Announcement for PLC
Reference Number GA1-17112021-00048




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