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Bursa Announcements

Bursa Announcements

Transactions (Chapter 10 of Listing Requirements) : Recurrent Related Party Transactions
BackJan 13, 2016
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description
BOUSTEAD PLANTATIONS BERHAD ("THE COMPANY" OR "BPB")

MANDATED RECURRENT RELATED PARTY TRANSACTION WHICH EXCEEDED 10% OF THE ESTIMATED VALUE

The Company had on 1 April 2015 obtained a mandate from its shareholders to purchase non-regulated petroleum, diesel and lubricants from Boustead Petroleum Marketing Sdn Bhd (“BPM”), a related party. This recurrent related party transaction of a revenue and trading nature (“RRPT”) was disclosed in the Company’s circular to shareholders dated 10 March 2015 in relation to the proposed shareholders’ mandate for RRPTs ("Circular").

Pursuant to Paragraph 10.09(2)(e) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of the Company wishes to announce that the actual value of the RRPT has exceeded the estimated value of RRPT disclosed in the Circular by more than 10%, details of which are set out in the attachment.

Please refer to the attachment for the full announcement.

This announcement is dated 13 January 2016.

 

 



Please refer attachment below.

 

Announcement Info

Company Name BOUSTEAD PLANTATIONS BERHAD
Stock Name BPLANT
Date Announced 13 Jan 2016
Category General Announcement for PLC
Reference Number GA1-13012016-00002

 

Attachments

  1. BPB-13_January_2016.pdf (Size: 8,738 bytes)
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