Announcements Press Release

News

Additional Banking Facilities Granted By Ocbc Bank (Malaysia) Berhad ("OCBC")

BackFeb 29, 2008
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
RM90million ;and

(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.
We are ISO/TS 16949 certified company and we are currently in the midst of moving towards ISO 14001 and thereafter, towards OSHAS 18001 certifications.
:: more
Find out more about Kossan and the industry.
:: more