Provision Of Financial Assistance
| Type | Announcement |
| Subject | PROVISION OF FINANCIAL ASSISTANCE |
| Description | Provision of Financial Assistance pursuant to paragraph 8.23(1)(ii) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad |
Pursuant to Practice Note 11 of the 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 third quarter ended 30 September 2020 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 third quarter ended 30 September 2020: RM4,000.00
(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 on th earnings and cashflow of TCMH Group for the year ending 31 December 2020.
Please refer attachment below.
Announcement Info
| Company Name | TAN CHONG MOTOR HOLDINGS BERHAD |
| Stock Name | TCHONG |
| Date Announced | 24 Nov 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-04112020-00007 |
Attachments
- Financial_Assistance-Q3_2020(1).pdf (Size: 85,488 bytes)