Pursuant to Rule 8.25(2)(e) and Guidance Note 4 of the Listing Requirements, the Board of Directors of Sunzen wishes to announce the aggregate amount of financial assistance provided by its wholly-owned subsidiary, Finsource Credit (M) Sdn. Bhd. (formerly known as Finsource Solution Sdn. Bhd.) (“Finsource”), a moneylending company in the ordinary course of its business for the financial quarter ended 30 September 2022 as set out below:
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Type of Financial Assistance
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Amount
(RM)
|
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Loans extended to customers in the ordinary course of Finsource’s business, inclusive of the future interest income of RM40,011,044
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89,414,578
|
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Total
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89,414,578
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The provision of financial assistance as set out above have no significant impact on the net assets and earnings per share of Sunzen Group for the period ended 30 September 2022.
The details of the provision of financial assistance pursuant to Rule 8.25(1)(ii) of the Listing Requirements are set out in the attachment.
This announcement is dated 29 November 2022.