TBKS Investments (B.V.I.) Ltd Issues $9.5M Promissory Note for Group Operations

Reuters
Jul 08
TBKS Investments (B.V.I.) Ltd Issues $9.5M Promissory Note for Group Operations

TBKS Investments (B.V.I.) Ltd, a direct wholly-owned subsidiary of TBK & Sons Holdings Ltd, has entered into a promissory note agreement with a third-party subscriber. The agreement involves the issuance of promissory notes with a principal amount up to US$9.5 million, secured by a charge on the entire share capital of TBKS Holding Sdn. Bhd., an indirect wholly-owned subsidiary. The proceeds from this issuance will be allocated as general working capital for the Group's operations in Malaysia and Hong Kong. The subscriber is an independent third party, unrelated to the Company and its connected persons.

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