JOHORE TIN BERHAD (“JOHOTIN”) – CORPORATE GUARANTEE TO SUPPLIER OF SUBSIDIARY, ABLE FOOD SDN. BHD.(“AFSB”)
|JOHORE TIN BERHAD|
JOHORE TIN BERHAD ("JOHOTIN") - CORPORATE GUARANTEE TO SUPPLIER OF SUBSIDIARY, ABLE FOOD SDN. BHD.("AFSB")
The Board of Directors of Johore Tin Berhad (“JTB”) wishes to announce that the Company has executed a Guarantee and Indemnity in favour of a supplier of Able Food Sdn. Bhd. (“AFSB”) namely Hoogwegt Singapore (“Hoogwegt”) of 3, Kiliney Road, #05-09, Winsland House, 239519 Singapore, unconditionally and irrevocably guarantees to Hoogwegt as a continuing obligation, the due and punctual payment of all amounts payable by the Subsidiary under the Agreements when the same shall become due and payable, whether on scheduled payment dates (as defined in the Agreements) or otherwise, in accordance with the terms of the Agreements (the “Guaranteed Obligations”) and undertakes that, if and whenever the Subsidiary defaults in the payment, discharge and performance when due of any of the Guaranteed Obligations, the Guarantor shall on demand by Hoogwegt pay, discharge or perform the same.
This announcement is dated 18 February 2019.
|Company Name||JOHORE TIN BERHAD|
|Date Announced||18 Feb 2019|
|Category||General Announcement for PLC|