TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS AVALAND BERHAD ("AVALAND" OR "THE COMPANY") - RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("RRPT")
| AVALAND BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS |
| Description | AVALAND BERHAD ("AVALAND" OR "THE COMPANY")
- RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("RRPT") |
|
Pursuant to Paragraph 10.09(1)(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Avaland wishes to announce that the Company had entered into a Recurrent Related Party Transaction where interest incurred of RM12,753,000.00 for the period from 1 January 2024 to 31 December 2024 with its major shareholder, Ayala Land, Inc. has exceeded the prescribed 1% threshold.
Please refer to the attachment for further details.
The announcement is dated 24 January 2025. |
|
Please refer attachment below.
Announcement Info
| Company Name | AVALAND BERHAD |
| Stock Name | AVALAND |
| Date Announced | 24 Jan 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23012025-00021 |