-+ 0.00%
-+ 0.00%
-+ 0.00%
DutaLand moneylending unit extends RM 30 million loan facilities to Olympia Industries to Aug. 2028
Share
Listen to the news
DutaLand moneylending unit extends RM 30 million loan facilities to Olympia Industries to Aug. 2028
  • Moneylending unit Sea Resorts Development signed supplemental agreements to extend RM 30 million loan facilities to Olympia Industries.
  • RM 25 million facility renewed for 24 months; RM 5 million facility extended for 8 months 8 days; maturity set at Aug. 22, 2028.
  • Interest rate kept at 9% per annum; repayment remains structured as monthly instalments from first disbursement.
  • Facilities remain secured by an existing package valued at RM 59.4 million, including land and share charges tied to Naturelle.
  • Transaction treated as related-party; highest applicable percentage ratio disclosed at 2.53%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DutaLand Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3712880) on October 07, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending