KUALA LUMPUR: Ahmad Zaki Resources Bhd’s (AZRB) 51 per cent-owned subsidiary, Matrix Reservoir Sdn Bhd, has secured banking facilities worth RM100 million from Affin Bank Bhd.
“The purpose of the banking facilities is to supplement the general capital expenditure and working capital requirements of Matrix Reservoir in relation to its operations at Tok Bali Supply Base in Kelantan,” the diversified group said in a filing with Bursa Malaysia today.
AZRB said it would serve as the corporate guarantor for the loan facilities.
“Among others, a debenture and third party debenture incorporating fixed and floating charge over all present and future assets of Matrix Reservoir and its wholly-owned subsidiaries will be created in favour of Affin Bank,” it added.