PROVISION OF FINANCIAL ASSISTANCE

FAJARBARU BUILDER GROUP BHD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description
FAJARBARU BUILDER GROUP BHD ("FBG" 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 2023 which is necessary to facilitate the ordinary course of business of the associates of FBG are as follows:-

Associate

Financial Assistance

Amount

Beulah FB Fitzroy Pty. Ltd. (45%)

Advance

AUD 3,599,559.95

(Equivalent to RM10,679,534.42)

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.

 





Announcement Info

Company Name FAJARBARU BUILDER GROUP BHD
Stock Name FAJAR
Date Announced 25 May 2023
Category General Announcement for PLC
Reference Number GA1-24052023-00040