General Announcement
Reference No CU-061102-37817

 

Company Name
:
JOHORE TIN BERHAD   
Stock Name
:
JOHOTIN  
Date Announced
:
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.