News
Acceptance of Banking Facilities granted by CIMB Bank Berhad to AESBI Power Systems Sdn Bhd, a subsidiary of ASB
| Type | Announcement |
| Subject | OTHERS |
| Description |
ADVANCE SYNERGY BERHAD ("ASB")
Acceptance of Banking Facilities granted by CIMB Bank Berhad to AESBI Power Systems Sdn Bhd, a subsidiary of ASB
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Pursuant to Paragraph 9.03 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of ASB wishes to announce that AESBI Power Systems Sdn Bhd ("AESBI"), a wholly-owned subsidiary of Advance Synergy Capital Sdn Bhd which in turn is a wholly-owned subsidiary of ASB, had on 2 July 2015 accepted a Term Loan of RM30 million (“Facility”) from CIMB Bank Berhad (“CIMB Bank”) to be utilised for the Group’s working capital and/or strategic investment. The Facility will be secured by inter alia the property owned by AESBI and a corporate guarantee from ASB. None of the Directors and/ or major shareholders of ASB and/or person connected with them have any interest, whether direct or indirect, in the Facility. This announcement is dated 2 July 2015. |
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Announcement Info
| Company Name | ADVANCE SYNERGY BERHAD |
| Stock Name | ASB |
| Date Announced | 02 Jul 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02072015-00066 |