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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 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 March 2022 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 RM35,363,567

74,725,084

Total

74,725,084

 

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 March 2022.

 

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 26 May 2022.




Please refer attachment below.



Announcement Info

Company Name SUNZEN BIOTECH BERHAD
Stock Name SUNZEN
Date Announced 26 May 2022
Category General Announcement for PLC
Reference Number GA1-26052022-00042




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