Melati Ehsan receives conditional approval for money-lending licence

PETALING JAYA: Construction firm Melati Ehsan Holdings Bhd, through unit Melati Ehsan Capital Sdn Bhd (MECSB), has received a conditional letter of approval from the Wellbeing, Housing and Local Government Ministry for a money-lending licence.

The group told Bursa Malaysia today, the approval is subject to the MECSB directors and business premises complying with and satisfying the prescribed requirements stated in the letter, which were not disclosed to the bourse.

The approval will not have any material effect on the group’s earnings per share and net asset per share and its subsidiaries for the financial year ending Aug 31, 2018.

It will also not have any effect on the issued shares, gearing and shareholdings of the company.