TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS PROTASCO BERHAD (“PROTASCO” OR “COMPANY”) PROPOSED PROVISION OF FINANCIAL ASSISTANCE TO SUBSIDIARY COMPANY
PROTASCO BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
Description | PROTASCO BERHAD (“PROTASCO” OR “COMPANY”) PROPOSED PROVISION OF FINANCIAL ASSISTANCE TO SUBSIDIARY COMPANY |
This announcement is dated 12 December 2013. On behalf of the Board of Directors of Protasco (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that the Company is proposing to provide financial assistance to Sun Rock Development Sdn Bhd (“SRDSB”), a 64%-owned subsidiary of Protasco in the form of loans, advances and/or corporate guarantees for loan facilities to be taken by SRDSB (“Proposed Provision of Financial Assistance”). Please refer to the attached announcement for further details on the Proposed Provision of Financial Assistance. |
Announcement Info
Company Name | PROTASCO BERHAD |
Stock Name | PRTASCO |
Date Announced | 12 Dec 2013 |
Category | General Announcement |
Reference No | MB-131212-64278 |