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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 2023 which is necessary to facilitate the ordinary course of business of the associates of FBG are as follows:-
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Associate
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Financial Assistance
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Amount
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Beulah FB Fitzroy Pty. Ltd. (45%)
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Advance
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AUD 3,599,559.95
(Equivalent to RM10,679,534.42)
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The above provision of Financial Assistance has no material impact on the share capital, earnings, net assets and gearing of FBG Group.
This announcement is dated 25 May 2023.
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