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Acceptance of Credit Facilities granted by Ambank (M) Berhad

BackNov 18, 2009
Date Announced
:
18/11/2009  
Type
:
Announcement
Subject
:
Dayang Enterprise Holdings Bhd ("Dayang")
- Acceptance of Credit Facilities granted by Ambank (M) Berhad

Contents
:
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 Dayang wishes to announce that Dayang has secured Credit Facilities of up to RM150 million from Ambank (M) Berhad, details as set out in Table 1 below.

This announcement is dated 18 November 2009.

Announcement Details :


TABLE 1

Type of Facilities

Limit (RM' Million)

Purpose

Term Loan

100

To part finance up to RM100 million of the Acquisition of 1,800,000 ordinary shares of RM1.00 each repersenting 40% equity interest in Syarikat Borcos Shipping Sdn Bhd from AWH Equity Holdings Sdn Bhd for a total cash consideration of RM132.08 million.

Revolving Credit Facility and Bank Guarantee Facility

 

50

 

To finance Dayang's working capital requirements and

 To issue guarantees arising from contracts secured, on behalf of Dayang, its subsidiaries and/or associated companies in which it is a shareholder, which are acceptable to the bank.

 

TOTAL

150