Tuesday, September 13, 2011

Sarawak Oil Palm provides RM59m corporate guarantee

KUALA LUMPUR: SARAWAK OIL PALMS BHD [] is providing a corporate guarantee for RM59 million to Affin Bank Bhd for the banking facilities obtained by its subsidiary SOP Pelita Batu Lintang PLANTATION [] Sdn Bhd.

The company said on Tuesday, Sept 13 it had executed a corporate guarantee for a term loan of RM54 million and revolving credit facility RM5 million.

'The said corporate guarantee will not have any significant effect on the earnings per share, net tangible assets per share, share capital and substantial shareholders' shareholding of the company for the current financial year,' it said.

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