Additional Banking Facilities Granted By Ocbc Bank (Malaysia) Berhad ("OCBC")
The Board of Directors of Kossan Rubber Industries Bhd (48166-W)("Kossan") wishes to announce that the following wholly owned subsidiaries have accepted the additional trade line facilities from OCBC as follows:-
(a) Perusahaan Getah Asas Sdn Bhd ("PGA")
(i) additional trade lines of RM10million, together with complementary foreign exchange
line of RM120 million;
(b) Kossan Latex Industries (M) Sdn Bhd ("KLI")
(i) additional trade lines of RM10million together with complementary foreign exchange
line of RM50 million;
(c) Wear Safe (Malaysia) Sdn Bhd ("WSM")
(i) additional trade line of RM5million and complementary foreign exchange line of
(d) Hibon Corporation Sdn Bhd ("HIBON")
(i) additional trade line of RM1.5million
Kossan will provide a corporate guarantees in favour of OCBC in respect of the said additional trade line facilities to PGA,KLI,WSM and HIBON.
This announcement is dated 29 February 2008.