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Announcement

OTHERS PETROL ONE RESOURCES BERHAD ("THE COMPANY" OR "PETONE") - MONTHLY ANNOUNCEMENT ON DEFAULT IN PAYMENT PURSUANT TO PARAGRAPH 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS ("MMLR") OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")

  • Type
    Announcement
  • Subject
    OTHERS
  • Description
    PETROL ONE RESOURCES BERHAD ("THE COMPANY" OR "PETONE")
    - MONTHLY ANNOUNCEMENT ON DEFAULT IN PAYMENT PURSUANT TO PARAGRAPH 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS ("MMLR") OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")

Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the previous Practice Note 1 (“PN1”) announcements in compliance with paragraph 3.2(a) of Practice Note 1/2001.

Reference is made to all previous PN1 announcements made by the Company.

(a) On 18 November 2016, RHB Investment Bank Berhad wrote to the Company that they have proceeded to utilize the entire Retention Sum together with interest earned towards payment of the entire indebtedness. The Group and the Company has now recorded the effect of the waiver of the debt via a prior year adjustment for the financial year ended 30 June 2017, in the current quarter announcement, on basis that the loan has been fully settled on 21 November 2016.

(b) The full impact of the loan settlement and the related foreign exchange impact on basis that the loan has been fully settled on 21 November 2016 is disclosed in the attachment.

This announcement is dated 30 August 2018.

Please refer attachment below.

PETONE - Para 9.19A (300818).pdf
12.8 kB

Announcement Info

  • Company Name
    PETROL ONE RESOURCES BERHAD
  • Stock Name
    PETONE
  • Date Announced
    30 Aug 2018
  • Category
    General Announcement for PLC
  • Reference Number
    GA1-29082018-00023

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