Titijaya Land discloses RM2.28 mil outstanding loans at moneylending unit

PETALING JAYA (July 10): Titijaya Land Bhd has disclosed that its wholly-owned moneylending subsidiary, Titijaya Capital Sdn Bhd, had outstanding loans of RM2.28 million as at June 30, 2026, all of which comprised unsecured loans to individual borrowers.

In a Bursa Malaysia filing yesterday made pursuant to Paragraph 8.23(2)(e) of Bursa Malaysia’s Main Market Listing Requirements, Titijaya said there were no outstanding loans to corporations or related parties during the quarter ended June 30, 2026.

The filing showed that loans provided by corporations within the Titijaya Land group to Titijaya Capital totalled RM200,000 as at June 30, 2026. No unsecured bank borrowings or unsecured borrowings with other non-bank financial intermediaries guaranteed by Titijaya Land were disclosed for the moneylending subsidiary.

Total loans in default stood at RM1.60 million as at June 30, 2026, unchanged from April 1, 2026, with no loans classified as being in default, recovered, written off or converted into securities during the period. Net loans in default were also RM1.60 million, representing 70% of total net loans based on the ratio disclosed in the filing.

Titijaya disclosed four term loans under the top loans listing as at June 30, 2026. The largest facility had a limit of RM1.5 million, with principal outstanding of RM1.33 million and interest of RM269,436.54, bringing the total amount to about RM1.60 million. The disclosed facilities were unsecured and not related party loans, with repayment structured via monthly installments upon maturity.

Titijaya said the financial assistance provided by Titijaya Capital was pursuant to its ordinary course of business as a moneylending subsidiary. The figures for the fourth quarter ended June 30, 2026 have not been audited.

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