KUMPULAN PERANGSANG SELANGOR BERHAD (PERANGSANG SELANGOR OR THE COMPANY) - ACCEPTANCE OF TERM LOAN FACILITY GRANTED BY BANK ISLAM MALAYSIA BERHAD (BIMB)
Pursuant to Paragraph 9.03 of Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Perangsang Selangor (“Board”) wishes to announce that Perangsang Selangor had on 16 October 2017 secured a Term Loan Facility amounting to RM100.0 million (“Facility”) from BIMB and the Facility had been fully disbursed to the Company on 16 November 2017. The purpose of the Facility is primarily to be utilised for Perangsang Selangor’s working capital purposes.
The Facility is not expected to have any material effect on the earnings per share, net assets per share or gearing of Perangsang Selangor group for the financial year ending 31 December 2017. The Facility will not have any effect on Perangsang Selangor’s issued and paid-up capital and substantial shareholders’ shareholdings.
None of the Directors, major shareholders of Perangsang Selangor and/or persons connected with them has any interest, either direct or indirect, in the Facility.
The Board, after having considered all aspect of the Facility, is of the opinion that the Facility is in the best interest of Perangsang Selangor.
This announcement is dated 29 November 2017.
|Company Name||KUMPULAN PERANGSANG SELANGOR BERHAD|
|Date Announced||29 Nov 2017|
|Category||General Announcement for PLC|