DutaLand moneylending unit extends RM 30 million loan facilities to Olympia Industries to Aug. 2028
Bitget2026/10/07 09:25Moneylending unit Sea Resorts Development signed supplemental agreements to extend RM 30 million loan facilities to Olympia Industries. RM 25 million facility renewed for 24 months; RM 5 million facility extended for 8 months 8 days; maturity set at Aug. 22, 2028. Interest rate kept at 9% per annum; repayment remains structured as monthly instalments from first disbursement. Facilities remain secured by an existing package valued at RM 59.4 million, including land and share charges tied to Naturelle. Transaction treated as related-party; highest applicable percentage ratio disclosed at 2.53%. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DutaLand Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3712880) on October 07, 2026, and is solely responsible for the information contained therein.
- Moneylending unit Sea Resorts Development signed supplemental agreements to extend RM 30 million loan facilities to Olympia Industries.
- RM 25 million facility renewed for 24 months; RM 5 million facility extended for 8 months 8 days; maturity set at Aug. 22, 2028.
- Interest rate kept at 9% per annum; repayment remains structured as monthly instalments from first disbursement.
- Facilities remain secured by an existing package valued at RM 59.4 million, including land and share charges tied to Naturelle.
- Transaction treated as related-party; highest applicable percentage ratio disclosed at 2.53%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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