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1. INTRODUCTION
Pursuant to Paragraph 8.23(1) and Practice Note 11/2001 of Bursa Malaysia Securities Berhad's Main Market Listing Requirements, the Board of Sarawak Plantation Berhad ("SPB") wishes to announce that the aggregate amount of financial assistance provided as at 31 March 2010 to facilitate the ordinary course of business of SPB Group's subsidiaries was RM12,425,454 made up as follows:
(a) Loan to subsidiaries amounted to RM425,454; and
(b) Corporate guarantee in relation to banking facilities amounted to RM12,000,000.
2. FINANCIAL IMPACT
Share Capital
The provision of financial assistance has no effect on the share capital and shareholding structure of SPB Group for the quarter ended 31 March 2010.
Earnings
There is no material impact on the earnings of SPB Group for the quarter ended 31 March 2010.
Net Tangible Asset (NTA)
There is no material impact on the NTA of SPB Group for the quarter ended 31 March 2010.
Dated this 25th day of May 2010. |
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