| Contents | : |
We refer to our earlier announcement dated 4 May 2009 in relation to the issuance of Letter of Credit by NTIT, a wholly-owned subsidiary of New Toyo International Holdings Limited, the ultimate major shareholder of TWPH on behalf of APT, a wholly-owned subsidiary of TWPH.
The Board of Directors of TWPH (“Board”) wishes to clarify that there will be no interest charges to be imposed on APT for the issuance of Letter of Credit by NTIT as the bank borrowings will be given directly to APT. The Board also wishes to clarify that the bank charges to be reimbursed back to NTIT will be revised from RM84,000 to RM30,000. |
|