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Provision Of Financial Assistance

BackFeb 27, 2018
Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description

Provision of Financial Assistance pursuant to paragraph 8.23(1)(ii) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

Pursuant to Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Tan Chong Motor Holdings Berhad ("TCMH") wishes to announce the aggregate amount of financial assistance provided by TC Capital Resources Sdn Bhd ("TCCR"), a wholly-owned subsidiary of TCMH, for the fourth quarter ended 31 December 2017 as set out below:

(i) Paragraph 3.1 of Practice Note 11

Type of Financial Assistance:

Loans extended to customers in the ordinary course of TCCR's business as a licensed money lender.

Amount of loans provided during the fourth quarter ended 31 December 2017: RM44,225.00.

(ii) Paragraph 3.3 of Practice Note 11

As set out in the table attached below.

The provision of financial assistance as set out above does not have any significant impact on the earnings and cashflow of TCMH Group for the year ended 31 December 2017.

Please refer attachment below.



Please refer attachment below.

 


Announcement Info

Company Name TAN CHONG MOTOR HOLDINGS BERHAD
Stock Name TCHONG
Date Announced 27 Feb 2018
Category General Announcement for PLC
Reference Number GA1-14022018-00099

Attachments

  1. Financial_Assistance-Q4_2017.pdf (Size: 119,348 bytes)
Tan Chong Motor Holdings Berhad

Tan Chong Motor Holdings Berhad