Provision of Financial Assistance pursuant to Paragraph 8.23(1) and Practice Note 11 of the Bursa Malaysia Main Market Listing Requirements

BackFeb 24, 2010
Date Announced : 24/02/2010  




Type : Announcement
Subject :
Provision of Financial Assistance pursuant to Paragraph 8.23(1) and Practice Note 11 of the Bursa Malaysia Main Market Listing Requirements

Contents :
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Announcement Details :

1. Introduction

Pursuant to Paragraph 8.23(1) and Practice Note 11 of Bursa Malaysia Main Market Listing Requirements, the Board of Naim Holdings Berhad (“Naim”) wishes to announce that the aggregate amount of financial assistance provided as at 31 December 2009 to facilitate the ordinary course of business of the Naim Group is as follows:- 

Item

Type of Financial Assistance

Amount (RM’000)

1

Corporate Guarantee in relation to banking facilities

5,930

2

Performance Bond/Bank Guarantee

100

 

 Total

 6,030

2. Financial Impact

Share capital

The provision for financial assistance has no effect on the share capital and shareholding structure of Naim for the quarter ended 31 December 2009.

Earnings

There is no material impact on the earnings of Naim Group for the quarter ended 31 December 2009.

Net Tangible Assets (“NTA”)

There is no material impact on the NTA of Naim Group for the quarter ended 31 December 2009.

Dated this 24th day of February 2010