OTHERS Dominant Enterprise Berhad - Corporate Guarantee

DOMINANT ENTERPRISE BERHAD

Type Announcement
Subject OTHERS
Description Dominant Enterprise Berhad
- Corporate Guarantee

 

The Board of Directors of Dominant Enterprise Berhad ("DOMINAN") wishes to announce that two (2) Corporate Guarantee and one (1) fresh Corporate Guarantee totalling RM15,600,000 (Ringgit Malaysia: Fifteen Million and Six Hundred Thousand Only) in favour of United Overseas Bank (Malaysia) Bhd ("UOB") for the Credit Facilities granted to the following DOMINAN 's wholly-owned subsidiary companies has been executed:-

Subsidiary Company

Amount of Corporate Guarantee/ Fresh Corporate Guarantee

Amount of Existing Corporate Guarantee

 

Ikta Sdn. Bhd.

 

RM5,200,000

 

-

 

Combi Trading Sdn. Bhd.

 

RM5,200,000

 

-

 

Kim Guan Impex Sdn. Bhd.

 

 

RM5,200,000

 

RM3,200,000

(remain in force and shall only be cancelled 6 months after receipt of the fresh Corporate Guarantee)

This announcement is dated 9 May 2014.