PETALING JAYA: Pan Malaysia Corp Bhd
’s (PMC) wholly-owned subsidiary, Megawise Sdn Bhd (MSB), has granted a loan facility of RM5.5mil to Malayan United Industries Bhd (MUI), the ultimate holding company of PMC.
MSB, a licensed moneylender under the Moneylenders Act 1951, entered into the agreement on July 10, 2026 in the ordinary course of business.
In a filing with Bursa Malaysia PMC noted the loan carries a tenure of 24 months, with interest at 7.5% per annum. Repayment terms require bullet interest payments at the 12th and 24th month, while the principal is due in full at maturity.
In case of default, MSB may recall the loan with seven days’ notice, making all outstanding amounts immediately payable.
As MUI and its subsidiaries hold 46.32% equity in PMC, this transaction constitutes a related-party financial assistance.
