NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025 33. LOANS AND BORROWINGS (CONT'D) The hire-purchase liabilities bear effective interest at rates ranging from 1.84% to 4.59% (2024: 2.20% to 4.59%) per annum. The term loans and revolving credits bear effective interest at rates ranging from 4.22% to 5.63% (2024: 4.80% to 5.80%) per annum. The bridging loan bears effective interest at 4.75% (2024: 5.03%) per annum. The bank overdrafts bear effective interest at rates ranging 6.40% to 6.64% (2024: 7.32% to 7.95%) per annum. The secured term loans, bridging loan and secured revolving credits of the Group amounting to RM222,844,309 (2024: RM217,987,830), which were obtained from licensed financial institutions, are secured by way of the following: (a) specific or legal charge over: I. the freehold land for property development of a subsidiary; II. the freehold buildings of a subsidiary; III. the leasehold land held for property development of a subsidiary; IV. the leasehold land and building of certain subsidiaries; V. the designated accounts; VI. the project land of a subsidiary; VII. the oil palm plantation land of a subsidiary in Indonesia; (b) debenture or specific debenture by way/over of: I. the property project of a subsidiary; II. the fixed and floating charge over the land held for property development of a subsidiary; III. the fixed and floating charge over all assets of the project of certain subsidiaries; IV. the fixed and floating charge over the leasehold land and building of certain subsidiaries; V. the fixed and floating charge for monies owing or payable under the facilities and property project of a subsidiary; (c) assignment or legal assignment over: I. tenancy and rent agreements of a subsidiary; II. debt service account of a subsidiary; III. certain subsidiaries’ present and future rights, title and benefits in and under such insurance policies procure in respect of the charge; IV. rental proceeds from the investment property of a subsidiary; V. all applicable insurance policies of certain subsidiaries; VI. all rights, title and benefits arising from the construction contracts and contractor’s performance bonds in favour of a subsidiary’s project; PG | 274 ANNUAL REPORT 2025 MKH BERHAD
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