KRETAM (1996) KRETAM HOLDINGS BHD secures RM21 mil banking facilities from Alliance Bank

KRETAM (1996)  KRETAM HOLDINGS BHD secures RM21 mil banking facilities from Alliance Bank

KUALA LUMPUR (Dec 12): Kretam Holdings Bhd (KHB) has secured RM21 million of banking facilities from Alliance Bank Malaysia Bhd.

Its wholly-owned subsidiary Syarikat Kretam Plantations Sdn Bhd, which cultivates oil palms, has accepted the facilities to finance the purchase of two pieces of agricultural land planted with oil palms in Sabah from NPC Resources Bhd.

“The facilities are not expected to have a material impact on the earnings per share, net tangible assets per share, share capital and the substantial shareholders' shareholdings of KHB for the financial year ending Dec 31, 2021,” said Kretam.

Kretam’s shares were last traded at 54 sen, valuing the group at RM1.26 billion.

http://www.theedgemarkets.com/article/kretam-secures-rm21-mil-banking-facilities-alliance-bank