Primary Collateralised Loan Obligations Programme
BackSep 09, 2005
| General Announcement Reference No RP-050907-35304 |
| Company Name | : | RELIANCE PACIFIC BERHAD |
| Stock Name | : | RPB |
| Date Announced | : | 09/09/2005 |
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| Type | : | Announcement |
| Subject | : | Primary Collateralised Loan Obligations Programme |
Contents :
The Board of Directors of RPB is pleased to announce that it has on 9 September 2005 signed a Facility Agreement with EON Bank Berhad as Lender and CapOne Berhad for an unsecured fixed rate term loan facility of RM50 million under a Primary Collateralised Loan Obligation Programme arranged by Malaysian International Merchant Bankers Berhad.
The Facility is for a period of five (5) years. The purpose of the Facility is for the working capital and general corporate purposes of the Company.
The Facility will not have any material effect on the net tangible assets, the earnings and the share capital of the Company for the financial year ending 31st March 2006.
None of the Directors and/or substantial shareholders of the Company have any interest, direct or indirect, in the Facility.
This announcement is dated 9 September 2005
Bursa Announcement
