BTM Resources gets RM10mil credit facility

PETALING JAYA: BTM Resources Bhd’s wholly-owned subsidiary, BTM Biomass Products Sdn Bhd, has accepted a credit facility of up to RM10mil, granted by Public Bank Bhd.

In a filing with Bursa Malaysia, BTM Resources stated the overdraft facility was for the working capital of BTM Biomass.

BTM Resources said the overdraft is secured by way of fixed deposit of RM10mil by it to be pledged upfront and the security to be remained during the subsistence of the overdraft facility.