General Announcement |
Reference No CU-061102-37817 |
Company Name |
:
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JOHORE TIN BERHAD |
Stock Name |
:
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JOHOTIN |
Date Announced |
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08/12/2006 |
Type | : | Announcement |
Subject | : | Corporate Guarantee |
Contents :
The Board of Directors of Johore Tin Berhad (JTB) wishes to announce that a Corporate Guarantee of RM12,000,000.00 in favour of Hong Leong Bank Berhad (HLBB) has been executed in consideration of HLBB agreeing to the following:
1. grants the RM10.0 Million Omnibus Trade Line and the Forward Exchange Contract Facility of RM20.0 Million (collectively “the Facilities”) to Johore Tin Factory Sendirian Berhad (Company No. 16986-A), a wholly-owned subsidiary of JTB;
2. allows utilisation of the Facilities by another subsidiary of JTB, Unican Industries Sdn. Bhd. (Company No. 174146-A)
This announcement is dated 8 December 2006.