TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS MACPIE BERHAD ("MACPIE" OR THE "COMPANY") - VARIATION BY 10% OR MORE BETWEEN ACTUAL VALUE OF RECURRENT RELATED PARTY TRANSACTIONS ("RRPT") AND ESTIMATED AGGREGATED VALUE
| MACPIE BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS |
| Description | MACPIE BERHAD ("MACPIE" OR THE "COMPANY")
- VARIATION BY 10% OR MORE BETWEEN ACTUAL VALUE OF RECURRENT RELATED PARTY TRANSACTIONS ("RRPT") AND ESTIMATED AGGREGATED VALUE |
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The Company had at its 15th Annual General Meeting held on 27 November 2020 obtained the shareholders’ mandate for the provision of warehouse rental for event items and transportation (inbound & outbound) from TUUDI 3PL Sdn. Bhd. ("TUUDI") to the Company's wholly-owned subsidiary, Macpie Distribution Sdn. Bhd. Further details of the transaction are set out in Section 2.4 of the Circular to shareholders dated 28 October 2020 (“Circular”) in relation to the proposed new and renewal of shareholders’ mandate for RRPT.
Pursuant to Rule 10.09(2)(e) and Guidance Note 8 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that the actual value of the RRPT entered into by Macpie Distribution Sdn. Bhd. with TUUDI has exceeded the estimated value of the RRPT disclosed in the Circular by more than 10% (“the Variation”).
Further details of the Variation are provided in “Table A” annexed herewith.
This announcement is dated 21 May 2021.
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Please refer attachment below.
Announcement Info
| Company Name | MACPIE BERHAD |
| Stock Name | MACPIE |
| Date Announced | 21 May 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20052021-00085 |