SOP executes corporate guarantee

  • Business
  • Wednesday, 14 Sep 2011

PETALING JAYA: Sarawak Oil Palms Bhd (SOP) on Monday executed a corporate guarantee for a term loan of RM54mil and revolving credit facility of RM5mil in favour of Affin Bank Bhd for banking facilities granted to its subsidiary, SOP PelitaBatuLintang Plantation Sdn Bhd.

SOP told Bursa Malaysia yesterday the corporate guarantee would not have any significant effect on it, such as the company’s earnings per share, net tangible assets per share, share capital and substantial shareholders’ shareholding of the company for the current financial year.

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