Announcement - Favelle Favco Berhad ("Favco" or "the Company")
Provision of financial assistance pursuant to Practice Note No. 11/2001 of the Listing Requirements of Bursa Malaysia Securities Berhad
General Announcement
Reference No CU-090525-55912
Submitting Merchant Bank
:
-
Company Name
:
FAVELLE FAVCO BERHAD
Stock Name
:
FAVCO
Date Announced
:
26/05/2009
Type
:
Announcement
Subject
:
Favelle Favco Berhad ("Favco" or "the Company")
Provision of financial assistance pursuant to Practice Note No. 11/2001 of the Listing Requirements of Bursa Malaysia Securities Berhad
Contents
:
On behalf of the Board of Favco, we wish to announce that pursuant to Practice Note No. 11/2001, the aggregate amount of financial assistance provided during the quarter ended 31 March 2009 to facilitate the ordinary course of business of the Company and the Group is as per the table under Tables Section below.
There would be no significant financial impact to the earnings and cash flow of Favco Group as a result of the below financial assistance granted during the reporting quarter as these guarantees are not expected to be realised and called upon.
Announcement Details :
Type of Financial Assistance
Company Level
(RM’000)
Group Level
(RM’000)
1.
Corporate Guarantee
44,763
44,763
2.
Bank Guarantee
Nil
Nil
Total financial assistance provided during 1st quarter 2009
44,763
44,763
FAVELLE FAVCO
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