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MASTER TEC GROUP BERHAD ("MTG" OR "THE COMPANY")
- QUARTERLY DISCLOSURE ON THE PROVISION OF FINANCIAL ASSISTANCE
Pursuant to Rule 8.25(1)(ii) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company is pleased to announce that MTG and its wholly-owned subsidiary, namely Master Tec Wire & Cable Sdn. Bhd. had provided financial assistance in the form ofinterest-bearing advancesand corporate guarantees ("Financial Assistance") to its 51.00%-owned subsidiary company namely, Sediacom Sdn. Bhd. ("Sediacom") as at 31 March 2026, as set out in the table below: -
Type of Financial Assistance
Aggregate amount
as at 31 March 2026
(RM)
Interest-bearing advances to Sediacom
9,191,357
Corporate guarantee in favour of Hong Leong Bank Berhad for the banking facilities granted to Sediacom
427,403
Corporate guarantee in favour of Malayan Banking Berhad for the banking facilities granted to Sediacom
3,000,000
Total
12,618,760
The Financial Assistance provided was to facilitate the operations and financial affairs of Sediacom.
The Financial Assistance provided does not have any material effect on the earnings per share, net assets per share and gearing of MTG.