General Announcement | Reference No GG-090107-3FEDD |
Company Name | : | GENTING BERHAD | Stock Name | : | GENTING | Date Announced | : | 08/01/2009 |
Type | : | Announcement | Subject | : | QUARTERLY DISCLOSURE PURSUANT TO PARAGRAPH 8.23(2)(e) OF THE LISTING REQUIREMENTS |
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| Contents | : | Inaccordance with Paragraph 8.23(2)(e) of the Listing Requirements ofBursa Malaysia Securities Berhad, the Board of Directors of GentingBerhad ("GB") wishes to announce the moneylending activities (whichforms part of the ordinary course of business) of its 69.5% ownedsubsidiary, GB Credit & Leasing Sdn Bhd ("GBCL") for the financialquarter ended 31 December 2008 as set out below.
GBCL was set up to extend small loans, such as study and motor vehicleloans, to employees of the Genting Group to assist them in theirpersonal needs. All outstanding balances relate to loans given to theemployees for the purposes as stated. |
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Announcement Details :
All figures in RM
Listing Requirements | 4Q 2008 |
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| Paragraph 8.23(2)(e)(i):- |
| (aa) to companies | - | (bb) to individual(s) | 28,999 | (cc) to companies within GB Group; and | - | (dd) to related parties | - |
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| Paragraph 8.23(2)(e)(ii) |
| (aa) loans given by GB Group to GBCL; | - | (bb) GBCL bank borrowings secured by GB Group; and | - | (cc) other borrowings | - |
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| Paragraph 8.23(2)(e)(iii) |
| (aa) loans in default as at beginning of the year; | - | (bb) classified as loans in default during the financial year; | - | (cc) reclassified as performing during the financial year; | - | (dd) amount recovered; | - | (ee) amount written-off; | - | (ff) loans converted to securities; | - | (gg) total and net loans in default as at the end of the year; | - | (hh) ratio of net loans in default to net loans or advances | - |
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| Paragraph 8.23(2)(e)(iv) |
| (aa) facility type and limit; | Personal loan, 50,000 | (bb) amount outstanding (inclusive of interests) and type; | Personal loan, 16,543 | (cc) whether security provided and value of security; | Unsecured | (dd) whether recipient of loan is a related party; and | None | (ee) terms of repayment | up to 60 months |
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