Term Loan Facility
BackOct 19, 2007
The Board of Directors of RPB is pleased to announce that it has secured a fixed rate term loan of RM40 Million ("the Facility") from OCBC Bank (Malaysia) Berhad.The Term Loan is scheduled to be completed by 30 October 2007.
The Facility is for a period of five (5) years and is granted to RPB on an unsecured basis. The purpose of the Facility is for the refinancing of Collateralised Loan Obligation of RM40 Million and for general working capital purpose.
The Facility will not have any material effect on the net tangible assets, the earnings and the share capital of the RPB Group for the financial year ending 31 March 2008.
None of the directors and/or substantial shareholders of RPB have any interest, direct or indirect in the Facility.
Bursa Announcement
