General Announcement |
Reference No CU-051003-55119 |
Company Name |
:
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JOHORE TIN BERHAD |
Stock Name |
:
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JOHOTIN |
Date Announced |
:
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11/10/2005 |
Type | : | Announcement |
Subject | : | Corporate Guarantee |
Contents :
The Board of Directors of Johore Tin Berhad (JTB) wishes to announce that a fresh Corporate Guarantee of RM5,400,000.00 in favour of United Overseas Bank (Malaysia) Bhd (UOB) to guarantee UOB for the Revised Credit Line Facilities granted to JTB’s wholly-owned subsidiary, Unican Industries Sdn. Bhd. has been executed. The existing guarantee for RM3,400,000.00 executed by JTB is to remain in force and shall only be cancelled 6 months after receipt by the UOB of the fresh guarantee for RM5,400,000.00 and upon the terms and conditions stipulated in the Bank’s Offer Letter dated September 26, 2005.
This annoucement is dated October 11, 2005