The Board of Directors of TWL Holdings Berhad announced that the company has accepted a credit facility of up to MYR 6 million only granted by OSK Capital Sdn Bhd for a period of twenty-four (24) months. The grace period is for six (6) months with the repayment period of eighteen (18) months. The Facility is to finance the working capital requirements of the Company.

The Facility is secured by a 3rd Party 1st Legal Charge under the National Land Code created in favour of OSK by TWL's subsidiary, Tinta Kaca Development Sdn. Bhd. over all that piece of freehold land held under Geran 318160, Lot 77716, Mukim Damansara, Daerah Petaling, Negeri Selangor together with any building and/or structure erected or to be erected thereon. The Facility will not have any impact on the earnings per share, net assets per share, gearing, share capital and substantial shareholders' shareholding of the Group.