Tan Chong Motor Holdings

Bursa Announcements

Transactions (Chapter 10 Of Listing Requirements) : Recurrent Related Party Transactions

BackAug 12, 2016

 

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description

Recurrent Related Party Transactions of a Revenue or Trading Nature

Tan Chong Motor Holdings Berhad (“TCMH” or “the Company”) had at the 43rd Annual General Meeting of the Company held on 27 May 2015 ("Approval Date") obtained a shareholders’ mandate to allow TCMH and its subsidiaries (“TCMH Group”) to enter into recurrent related party transactions of a revenue or trading nature (“RRPTs”) with Auto Dunia Sdn Bhd (“ADSB”) in respect of, among others, sale and purchase of motor vehicles.

The Company had on 31 March 2016 announced that the actual value of the RRPTs entered into by TCMH Group with ADSB since the Approval Date to 30 March 2016 had exceeded by more than 10% of the estimated value disclosed in the Circular to Shareholders dated 30 April 2015.

In accordance with Paragraph 10.09(2)(e) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company informs that the actual value of the RRPTs entered into by TCMH Group with ADSB since 30 March 2016 has exceeded by more than 10% of the estimated value disclosed in the Circular to Shareholders dated 30 April 2015, the details of which are set out in Table 1 below.

 


Announcement Info

Company Name TAN CHONG MOTOR HOLDINGS BERHAD
Stock Name TCHONG
Date Announced 12 Aug 2016
Category General Announcement for PLC
Reference Number GA1-10082016-00006

Attachments

  1. RRPT_Announcement-Table1.pdf (Size: 12,527 bytes)