Registration No. 200301030845 (633265-K) - 110 - 22. Bank Borrowings (Cont’d) Term loan I The term loan is secured by way of a first legal charge on the freehold land and buildings of the Company at a carrying amount of RM13,812,858. Interest is charged on the facility at BLR plus 1.0% per annum. The term loan is repayable by monthly installments of RM97,934 over 10 years. Term loan II The term loan is secured by way of a legal charge over the property held under title HS(D) 244811, Lot No. PTD 116763, Daerah Johor Bahru, Johor together with a 1 ½ storey factory. Interest is charged on the facility at BLR plus 4% per annum. The term loan is repayable by monthly installment of RM1,552 over 15 years. Term loan III The term loan is repayable on 17 April 2027. S$289,950 of the term loan bears an interest rate of 3.9% (2025: 6.5%) per annum and S$975,005 of the term loan bears an interest rate of 4.9% (2025: 5.2%) per annum. The term loan is unsecured. Bank overdraft Bank overdraft is secured by the following: (a) Fixed deposit pledged to licensed banks; and (b) Jointly and severally guaranteed by certain Directors. Revolving credit Invoice financing is repayable within 272 to 365 days (2025: 272 to 365 days). The facilities are secured by corporate guarantee from the Company. DESTINI BERHAD 223 ANNUAL REPORT 2026
RkJQdWJsaXNoZXIy NDgzMzc=