Investor Relations
Bursa Announcements
Bursa Announcements
Transactions (Chapter 10 of Listing Requirements) : Recurrent Related Party Transactions
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.
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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
- BPB-13_January_2016.pdf (Size: 8,738 bytes)