News

Provision Of Financial Assistance

BackMay 31, 2018
Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description

SCANWOLF CORPORATION BERHAD ("SCB" or "the Company") - Financial Assistance to Associate Company

The provision of financial assistance pursuant to Paragraph 8.23(1)(ii) and Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad for the quarter ended 31 March 2018 which is necessary to facilitate the ordinary course of business of SCB Group as follows :

 

Name of Associate Company

Financial Assistance

Amount

Nissha Flooring Industries Sdn Bhd

Advance by Scanwolf Plastics Industries Sdn Bhd, a wholly owned subsidiary of SCB

RM4,428,223.58

 

The above-mentioned provision of financial assistance has no material impact on the share capital, earnings, net assets and gearing of SCB Group.

 

This announcement is dated 31 May 2018.

 

Announcement Info

Company Name SCANWOLF CORPORATION BERHAD
Stock Name SCNWOLF
Date Announced 31 May 2018
Category General Announcement for PLC
Reference Number GA1-04052018-00040

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