MKH Credit Corporation reports RM127.92m in outstanding loans, mostly to group companies

MKH Bhd's moneylending subsidiary, MKH Credit Corporation Sdn Bhd (MKCC), had RM127.92 million in outstanding loans and advances as at Sept 30. Unsecured loans to companies within the MKH group accounted for the bulk of the balance at RM119.5 million.

PETALING JAYA (Oct 6): MKH Bhd’s wholly-owned moneylending subsidiary, MKH Credit Corporation Sdn Bhd (MKCC), had RM127.92 million in outstanding loans and advances as at Sept 30, with lending to companies within the group accounting for most of the balance.

In a Bursa Malaysia filing on Monday (Oct 5), MKH said MKCC holds a moneylending licence and had granted the loans and advances in the ordinary course of its business. According to the unaudited disclosure for the fourth quarter ended Sept 30, unsecured loans to companies within the MKH group stood at RM119.5 million.

Secured loans comprised RM7 million to companies and RM1.39 million to individuals, while unsecured loans to individuals amounted to RM28,597. MKCC’s borrowings totalled RM111.2 million, entirely comprising loans from companies within the MKH group. It reported no other borrowings.

Loans in default for at least three months totalled RM25,485 as at Sept 30, unchanged from Oct 1, 2025. MKH disclosed a ratio of net loans in default to net loans or advances of 0.020 per cent. No additional loans were classified as being in default during the financial year. There were also no recoveries, write-offs, conversions into securities or reclassifications as performing loans.

The five largest outstanding loans comprised RM95 million, RM22 million and RM2 million to subsidiary companies, alongside RM5 million and RM2 million to non-related companies. Each of the two loans to non-related companies was supported by a loan agreement and a director’s personal guarantee. All five facilities required monthly interest payments, with the principal repayable in a single payment on or before the respective loan expiry dates.

MKH said the loans and advances had no significant impact on the group’s net assets and earnings per share.