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PROVISION OF FINANCIAL ASSISTANCE

SUNZEN BIOTECH BERHAD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description
SUNZEN BIOTECH BERHAD ("THE COMPANY" OR "SUNZEN")
PROVISION OF FINANCIAL ASSISTANCE PURSUANT TO RULE 8.25(1)(ii) AND GUIDANCE NOTE 4 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("LISTING REQUIREMENTS")
Pursuant to Rule 8.25(1)(ii) and Guidance Note 4 of the Listing Requirements, the Board of Directors of Sunzen wishes to announce the aggregate amount of financial assistance provided by its wholly-owned subsidiary, Finsource Credit (M) Sdn. Bhd. (“Finsource”), a moneylending company in the ordinary course of its business for the financial quarter ended 31 December 2023 as set out below:

Type of Financial Assistance
Amount

(RM)
Loans extended to customers in the ordinary course of Finsource’s business, inclusive of the future interest income of RM37,968,961
60,636,974
Total
60,636,974


The provision of financial assistance as set out above have no significant impact on the net assets and earnings per share of Sunzen Group for the period ended 31 December 2023.


The details of the provision of financial assistance pursuant to Rule 8.25(2)(e) of the Listing Requirements are set out in the attachment.


This announcement is dated 29 February 2024.



Please refer attachment below.



Announcement Info

Company Name SUNZEN BIOTECH BERHAD
Stock Name SUNZEN
Date Announced 29 Feb 2024
Category General Announcement for PLC
Reference Number GA1-20022024-00048



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