| Type | Announcement |
| Subject | OTHERS |
| Description |
ELK-DESA RESOURCES BERHAD ("ELK-DESA" OR "THE COMPANY") - Approval from the Moneylenders and Pawnbrokers Division of Ministry of Urban Wellbeing, Housing and Local Government ("KPKT") to ELK-Desa Capital Sdn Bhd, a wholly-owned subsidiary of ELK-DESA, on the application for Money Lending Licence pursuant to Moneylenders Act 1951 [Act 400] |
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The Board of Directors of ELK-DESA wishes to announce that ELK-Desa Capital Sdn Bhd (“EDC”), a wholly-owned subsidiary of THE COMPANY, had received a letter from KPKT on 13 November 2017 confirming that EDC had fulfilled the conditions for a money lending licence to operate as money lender under the Moneylenders Act 1951 [Act 400]. The licence will be issued upon payment of the new licence fee within 30 days from the date of the aforesaid letter. The approval allows EDC to undertake any business of those relating to the money lending activities. The approval will not have any material effect on the earnings per share and net assets per share of the Company and its subsidiaries for the financial year ending 31 March 2018. The approval will not have any effect on the share capital, gearing and substantial shareholders’ shareholdings of the Company. None of the Directors and / or major shareholders of ELK-DESA and / or persons connected with them have any interest, direct or indirect, in the approval. This announcement is dated 16 November 2017 |
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| Company Name | ELK-DESA RESOURCES BERHAD |
| Stock Name | ELKDESA |
| Date Announced | 16 Nov 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16112017-00086 |
