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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 30 September 2024 which is necessary to facilitate the ordinary course of business of the associate of FBG is 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 4,904,318.43
(Equivalent to RM13,959,161.55)
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[* Based on the Bank Negara Malaysia Exchange Rate of AUD 1.00 = RM 2.8463 as at 30 September 2024]
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 21 November 2024.
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