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BackJan 30, 2018
Type Announcement
Subject OTHERS
Description

KUMPULAN PERANGSANG SELANGOR BERHAD (PERANGSANG SELANGOR OR THE COMPANY) - ACCEPTANCE OF TERM LOAN FACILITY GRANTED BY AMBANK ISLAMIC BERHAD

 

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 Dinamik Sdn Bhd (“PDSB”) a wholly-owned subsidiary of Perangsang Selangor had on 30 January 2018 accepted a Term Loan Facility of up to RM200.0 million (“Facility”) from AmBank Islamic Berhad.

The Facility is intended to be used for financing PDSB’s potential future investment or acquisition.

The Facility will not have any effect on Perangsang Selangor’s issued and paid-up capital and substantial shareholders’ shareholdings. Based on the 31 December 2016 audited consolidated income statements and statement of financial position of Perangsang Selangor group, the Facility is not expected to have material effect on the earnings per share and net assets per share of Perangsang Selangor Group. The Facility is expected to increase the gearing of Perangsang Selangor group from 0.20 times to 0.35 times.                

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 the Facility, is of the opinion that the Facility is in the best interest of Perangsang Selangor group.

This announcement is dated 30 January 2018.





Announcement Info

Company Name KUMPULAN PERANGSANG SELANGOR BERHAD
Stock Name KPS
Date Announced 30 Jan 2018
Category General Announcement for PLC
Reference Number GA1-29012018-00073