STERLING PLANTATIONS LIMITED Sterling Plantations Limited is pleased to announce that its subsidiary company, Sterling Plantations Sdn Bhd ("SPSB"), has entered into a Facility Agreement with its founder shareholder, Duplex Fame Sdn Bhd.
Under the Facility Agreement, the founder shareholder has agreed to make available to SPSB a standby facility of up to RM5 million (AUD$1.61 million). The facility may be drawndown by SPSB as and when required. Interest at the rate of 4.45% p.a. is payable on the amount drawndown. The facility, which is unsecured, is intended for working capital purposes and is repayable on demand.
Andrew Phang
Group Executive Director
Email: andrew@sterlingplantations.com
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Sterling Plantations Limited issued this content on 18 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 March 2016 08:04:47 UTC
Original Document: http://www.sterlingplantations.com/quarterly_update/2016/Facility Agreement - RM5 million (AUD$1.61 million).pdf