FAREAST

2.900

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS FAR EAST HOLDINGS BERHAD (FEHB or Company) ANNOUNCEMENT ON THE RECURRENT RELATED PARTY TRANSACTIONS (RRPTs) OF A REVENUE OR TRADING NATURE

FAR EAST HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description
FAR EAST HOLDINGS BERHAD (FEHB or Company)
ANNOUNCEMENT ON THE RECURRENT RELATED PARTY TRANSACTIONS (RRPTs) OF A REVENUE OR TRADING NATURE

The Company had at the Annual General Meeting on 15 July 2020, obtained a Shareholders’ Mandate from its shareholders for the Company and/or its subsidiaries to enter into RRPTs of a revenue or trading nature, which are necessary for FEHB Group’s day to day operations and are in the ordinary course of business and on terms that are no more favourable to the Related Party than those generally available to the public.

 

Pursuant to Chapter 10.09(2)(e) of the Bursa Listing Requirements, the listed issuer should immediately announce to the Exchange when the actual value of a RRPTs entered into by the listed issuer, exceeds the estimated value of the RRPTs disclosed in the circular by 10% or more.

 

Please refer to the attached announcement for details.




Please refer attachment below.



Announcement Info

Company Name FAR EAST HOLDINGS BERHAD
Stock Name FAREAST
Date Announced 15 Dec 2020
Category General Announcement for PLC
Reference Number GA1-15122020-00057