SOP

2.990

-0.02 (-0.7%)

OTHERS Variation by 10% or more between Actual Value of Recurrent Related Value Transactions (RRPT) and Estimated Aggregated Value Maintenance services and supply of Lubricants, spare parts, and tyres for the tractors and machineries by Dai Lieng Trading Sdn. Bhd.

SARAWAK OIL PALMS BERHAD

Type Announcement
Subject OTHERS
Description
Variation by 10% or more between Actual Value of Recurrent Related Value Transactions (RRPT) and Estimated Aggregated Value

Maintenance services and supply of Lubricants, spare parts, and tyres for the tractors and machineries by Dai Lieng Trading Sdn. Bhd.

Pursuant to Paragraph 10.09 (2) (e) of Bursa Malaysia Securities Berhad Main Market Listing Requirement, the Board of Sarawak Oil Palms Berhad (“SOPB” or “Company”) wishes to announce that the variation in the actual value of the RRPT Transacted by SOPB Group from the estimated value as disclosed in the RRPT Circular dated 17 June 2020. Further details are as follows -

 

Company in SOPB Group

Mandated Related Party

Nature of Recurrent Related Party Transactions with SOPB Group

Estimated Aggregate Value as disclosed in the RRPT Circular dated 17 June 2020

Aggregate Actual Value transacted from the Last AGM held on 15 July 2020 to 26 February 2021

Difference Between Actual Value and Estimated Value

% of variance of Actual Value from Estimated Value

(RM)

(RM)

(RM)

%

SOPB Group

 

 

Dai Lieng Trading Sdn. Bhd.

Maintenance services and Supply of Lubricants, spare parts, and tyres for the tractors and machineries

5,000,000

9,468,047

4,468,047

89.36%

 

The variation is due to purchase of infield machines and spare parts for the Group’s mechanization on oil palms cultivation.

 

This Announcement is dated 26 February 2021






Announcement Info

Company Name SARAWAK OIL PALMS BERHAD
Stock Name SOP
Date Announced 26 Feb 2021
Category General Announcement for PLC
Reference Number GA1-26022021-00094