SPRITZER

2.390

+0.03 (+1.3%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS SPRITZER BHD - RECURRENT RELATED PARTY TRANSACTION

SPRITZER BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description
SPRITZER BHD - RECURRENT RELATED PARTY TRANSACTION

The terms used herein, unless the context otherwise stated, shall bear the same meaning as those defined in the earlier announcement in relation to RRPT.

Following the announcement dated 9 July 2020, Spritzer Bhd. (“Spritzer” or “Company”) wishes to announce that Spritzer Group had in the ordinary course of its business, entered into RRPT with the related parties as disclosed below, and the aggregate amount of such RRPT is RM4,301,000 or 1.0359% of the percentage ratio calculation (based on the audited accounts for the financial year ended 31 December 2019) for the period from 9 July 2020 to 15 July 2020:-

Related Parties with whom Spritzer Group is transacting

Nature of Transactions

Amount of transactions (RM’000)

Yee Lee Oils and Foodstuffs (Singapore) Pte Ltd 

Purchase of bottled water from Spritzer Group

118

Yee Lee Corporation Bhd. and its subsidiary companies 

Purchase of PET bottles from Spritzer Group

128

Purchase of toothbrushes from Spritzer Group

40

Purchase of bottled water from Spritzer Group

3,270

Sales of carton boxes to Spritzer Group

40

Cactus Marketing Sdn. Bhd. 

Purchase of bottled water from Spritzer Group

194

YLTC Sdn. Bhd. 

Purchase of bottled water from Spritzer Group

511

The RRPT is not subject to the approval of shareholders as the cumulative aggregated transactions from 1 July 2020 to 15 July 2020 amounted to RM8,850,000 or 2.1312% of the percentage ratio calculation. Shareholders’ mandate will be sought if the percentage ratio is 5% and above.

This announcement is dated 16 July 2020.






Announcement Info

Company Name SPRITZER BHD
Stock Name SPRITZER
Date Announced 16 Jul 2020
Category General Announcement for PLC
Reference Number GA1-16072020-00020