Pan Malaysia Corporation Berhad (PMC) has announced that its wholly owned subsidiary, Megawise Sdn Bhd (MSB), has extended a RM5.5 million loan facility to its parent company and major shareholder, Malayan United Industries Berhad (MUIB).
PMC said MSB entered into a loan agreement with MUIB on 10 July 2026 to provide the financing as part of its ordinary moneylending business.
MSB is a licensed moneylender under the Moneylenders Act 1951, and the company said the loan was granted in the normal course of its operations.
The loan carries a tenure of 24 months from the date of drawdown and bears an interest rate of 7.5% per annum, or such other rate as may be prescribed by MSB from time to time.
Under the agreement, interest will be paid on a bullet payment basis at the end of the first and second year, while the principal amount will be repaid in full upon maturity.
PMC noted that MUIB is its ultimate holding company and currently owns approximately 46.32% of PMC’s equity.
PMC said the loan was granted in the ordinary course of MSB’s business and forms part of its licensed moneylending activities.
The company said the financing will be funded entirely through internally generated funds.
PMC added that the loan is not expected to have any material impact on its earnings per share, net assets per share, issued share capital or substantial shareholders’ shareholdings for the financial year ending 30 June 2027.
The board also said it does not foresee any specific risks arising from the transaction beyond the normal business risks associated with MSB’s moneylending operations.
