EKOVEST BERHAD ("EB" or "COMPANY")
- PROPOSED PROVISION OF FINANCIAL ASSISTANCE IN FAVOUR OF MCC LAND (TMK) PTE. LTD., A 29%-OWNED JOINT VENTURE COMPANY OF EKOVEST DEVELOPMENT (S) PTE. LTD., WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF EKOVEST BERHAD
The Board of Directors of EB wishes to announce that the Company is proposing to provide financial assistance to MCC Land (TMK) Pte. Ltd. (“MCC Land (TMK)”), a 29%-owned joint venture company of Ekovest Development (S) Pte. Ltd. (“EDSPL”), which in turn is a wholly-owned subsidiary of the Company, in the form of deed of undertaking for banking facilities obtained by MCC Land (TMK) from licensed financial institutions based in Singapore (“Proposed Provision of Financial Assistance”).
Please refer to the attachment for further details on the Proposed Provision of Financial Assistance.
This announcement is dated 25 August 2021.
|Company Name||EKOVEST BERHAD|
|Date Announced||25 Aug 2021|
|Category||General Announcement for PLC|