Pursuant to Paragraph 8.23(1) and Practice Note No. 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, on behalf of the Board of Directors of DKLS Industries Berhad (“DKLS”), we wish to announce that its wholly owned subsidiary, DKLS Construction Sdn Bhd, has caused certain financial institutions to issue performance bond guarantees on behalf of the main contractors and the amount of the financial assistance provided as at 31 December 2023 to facilitate the ordinary course of its business is set out in the table below:
| Type of Financial Assistance |
Party |
Total balance amount as at 31 December 2023
|
| Performance bond guarantees |
Main contractors |
RM2,822,448 |
The above provision of financial assistance does not have any material financial impact on the earnings, net assets and liquidity of DKLS Group.
None of the directors and/or major shareholders of DKLS or any person connected to them has any interest, direct or indirect, in the above transaction.
This announcement is dated 28 February 2024.