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 |