Provision of Financial Assistance pursuant to paragraph 8.23(1)(ii) and Practice Note 11 of Main Market Listing Requirements of Bursa Malaysia Securities Berhad
BackAug 18, 2010
| Type | Announcement |
| Subject | Provision of Financial Assistance pursuant to paragraph 8.23(1)(ii) and Practice Note 11 of Main Market Listing Requirements of Bursa Malaysia Securities Berhad |
| Contents | Pursuant to paragraph 8.23(1)(ii) and Practice Note 11 of Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Tan Chong Motor Holdings Berhad ("TCMH") wishes to announce the aggregate amount of financial assistance provided by TC Capital Resources Sdn Bhd ("TCCR"), a wholly-owned subsidiary of TCMH, for the second quarter ended 30 June 2010 as set out below: (i) Paragraph 3.1 of Practice Note 11 Type of Financial Assistance : Loans extended to customers in the ordinary course of TCCR's business as a licensed money lender. Amount of loans provided during the second quarter ended 30 June 2010: RM635,000.00 (ii) Paragraph 3.3 of Practice Note 11 As set out in the table attached below. The provision of financial assistance as set out above does not have any significant impact to the earnings and cashflow of TCMH Group for the year ending 31 December 2010. |
Announcement Info
| Company Name | TAN CHONG MOTOR HOLDINGS BERHAD |
| Stock Name | TCHONG |
| Date Announced | 18 Aug 2010 |
| Category | General Announcement |
| Reference No | TCM-100809-45B81 |