(1) Financial Assistance
Pursuant to paragraph 8.23(1)(ii) and paragraph 3 of the Practice Note No. 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce the financial assistance rendered for the second quarter from 1 April 2022 to 30 June 2022 as set out in the table below.
(2) Financial Effects
The financial assistance provided during the quarter does not have any material effect on the earnings, net assets and liquidity of WCT Group.
(3) Directors’ or Major Shareholders’ Interest
None of the Directors or Major Shareholders of the Company or any person connected to the Directors and/or major Shareholders has any interest, direct or indirect, in the financial assistance transactions as set out below.
|
Type of Financial Assistance
|
Parties
|
For the period from 01.04.2022 to 30.06.2022
|
Cumulative Balance as at
30.06.2022
|
|
|
|
Company
(RM)
|
Group
(RM)
|
Company
(RM)
|
Group
(RM)
|
|
Non-interest
bearing advances
|
Sub-contractors
|
-
|
(4,736,401)
|
-
|
59,577,241
|
This announcement is dated 30 August 2022.