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Bursa Updates
| Date Announced: |
25/02/2010 |
| Subject: |
HO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "the Company")
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PROVISION OF FINANCIAL ASSISTANCE FOR THE FOURTH QUARTER PERIOD ENDED 31 DECEMBER 2009 PURSUANT TO PRACTICE NOTE 11 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD |
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| Contents: |
The Board of Directors of Ho Hup wishes to announce that pursuant to Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the aggregate amount of the financial assistance provided during the fourth quarter ended 31 December 2009 to facilitate the ordinary course of business of the Company’s 90%-owned subsidiary, Tru-Mix Concrete Sdn. Bhd. is as follows:- |
Announcement Details :
Type of Financial Assistance |
Financial Assistance Provided by |
Financial Assistance Provided for |
Nature of Relationship |
Amount
(RM) |
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Corporate Guarantee to Chuan Huat Industrial Marketing Sdn. Bhd. for supplying building materials to Tru-Mix Concrete Sdn. Bhd. |
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Ho Hup |
Tru-Mix Concrete Sdn. Bhd. |
Non-Related Party |
1,000,000 |
The Board of Directors of Ho Hup is of the opinion that the above financial assistance granted during the reporting quarter does not have any material financial effect on the earnings and Net Assets of Ho Hup Group.
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