General Announcement::Update on Bank Facilities
Issuer & Securities
MEMORIES GROUP LIMITED
MEMORIES GROUP LIMITED - SG1EB7000009 - 1H4
Date &Time of Broadcast
Announcement Sub Title
Update on Bank Facilities
Submitted By (Co./ Ind. Name)
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Reference is made to the Company's announcement on 28 May 2019 relating to its Unaudited Financial Statements for the Quarter and Financial Year ended 31 March 2019 wherein it was disclosed that the Group was in the process of securing additional working capital. The Company wishes to inform shareholders that it has secured additional banking facilities in the aggregate amount of 11 billion Kyats (approximately US$7 million) which will be drawn down as and when required.
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") in accordance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.
This announcement has not been examined or approved by the SGX-ST. The SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement.
The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, and E-mail: email@example.com).