Pursuant to paragraph 8.23(1)(ii) and paragraph 3 of the Practice Note No. 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of the Company wishes to announce that the aggregate amount of financial assistance provided during the quarter ended 31 December 2024 to facilitate the ordinary course of business of SunCon Group, is nil, as shown in the table below:
Type of Financial Assistance
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Banking Facility
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Aggregate Amount
as at 31.12.2024
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Issue of a Bank Guarantee on behalf of Sharp Ventures Solar Sdn Bhd in favour of Tenaga Nasional Berhad in relation to the contract for the Design, Engineering, Procurement, Construction, Testing and Commissioning of Solar Photovoltaic Energy Generating Facility with Ancillary Equipment and Facilities with generating capacity of 50MW located at part of the land known as GRN 47151, Lot 5495, Mukim Kapar, Daerah Klang, Selangor Darul Ehsan (“Project”).
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Bank Guarantee-i Facility
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Nil
The Project has successfully achieved its commercial operations on 1 May 2024 and the Bank Guarantee has expired on 31 October 2024.
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This announcement is dated 20 February 2025.