MANULFE

2.100

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS Manulife Holdings Berhad ("the Company") Recurrent Related Party Transactions ("RRPTs") - Deviation between actual transacted value and estimated value by 10% or more

MANULIFE HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description
Manulife Holdings Berhad ("the Company") Recurrent Related Party Transactions ("RRPTs") - Deviation between actual transacted value and estimated value by 10% or more
Further to the Company’s announcement made on 24 May 2022 in relation to the deviation between the actual transacted value of the RRPTs and estimated value of the RRPTs by 10% or more, the Company wishes to announce that the actual transacted value of the RRPTs as at 30 May 2022 has exceeded the actual transacted value of the RRPTs as disclosed in the announcement made by the Company on 24 May 2022 by more than 10% of the estimate value of the RRPTs.

Details are as follows:
Nature of Transactions
Transacting Parties
Class of Related Party
Estimated value of RRPTs disclosed in the Circular to Shareholders dated 28 April 2021 
("Mandate Value")
(RM '000)
Actual value of the RRPTs transacted from 05 June 2021 to 30 April 2022
("Actual 
Value 1")
(RM '000)
Variation between Actual Value 1 and Mandate Value (%)
Actual value of the RRPTs transacted from 05 June 2021 to 30 May 2022
("Actual 
Value 2")
(RM '000)
Variation between Actual Value 1 and Actual Value 2 (%)
Manulife Centre of Excellence (“COE”) – Operations and Information Technology (“IT”) Support Services
Manulife Investment Management (M) Berhad
Manulife Financial Corporation and its subsidiaries
2,800
3,223
15%
3,720
15%
Reason:

The RRPTs have exceeded the Mandate Value due to the hiring of new COE-IT resources (two (2) new full-time employees) at the start of the second half of year 2021 to support regional demand.
This announcement is dated 16 June 2022.





Announcement Info

Company Name MANULIFE HOLDINGS BERHAD
Stock Name MANULFE
Date Announced 16 Jun 2022
Category General Announcement for PLC
Reference Number GA1-16062022-00013