Bursa Announcements

Date: 10 July 2015

OTHERS SENTORIA GROUP BERHAD (SGB) - ACCEPTANCE OF BANKING FACILITY(IES) GRANTED BY RHB BANK BERHAD


Type Announcement
Subject OTHERS
Description SENTORIA GROUP BERHAD (SGB)
- ACCEPTANCE OF BANKING FACILITY(IES) GRANTED BY RHB BANK BERHAD

Pursuant to Part C of Chapter 9, Paragraph 9.04 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of SGB wishes to announce that SGB has signed a facility agreement amounting to RM169,000,000.00 ("Facility") with RHB Bank Berhad ("Bank"), details as set out in the Table below:-

Facility Amount Purpose
Term Loan ("TL") RM120 million To refinance the RM120.0 million issued nominal value of Medium Term Note ("MTN") under the MTN Programme undertaken by SGB
Overdraft ("OD") RM20 million For Woking capital requirement of the SGB's Group
Bankers Acceptance ("BA")/ Bank Guarantee ("BG") with sublimit of RM10 million RM29 million

BA: To finance local purchases/imports of raw materials/goods/stocks in trade against suppliers acceptable to the Bank

BG: For issuance of performance and/or financial guarantee in relation to the development projects acceptable to the Bank

TOTAL RM169 million  

SGB has an authorised and paid-up share capital of RM200,000,000.00 and RM94,822,220.80 respectively. The principal activities of SGB is investment holding.

The Facility will not have any effect on the issued and paid up share capital and the substantial shareholders' shareholdings of SGB, nor will have any material effect on the earnings per share and net assets per share of SGB's Group for the financial year ending 30 September 2015. The financial effect on the gearing of SGB's Group will depend on the utilisation of the facility and funding mix of the Group.

None of the Directors and/or major shareholders of SGB and/or person connected with them have any interest, whether direct or indirect in the Facility.

This announcement is dated 10 July 2015.



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