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Transactions (Chapter 10 Of Listing Requirements):Recurrent Related Party Transactions

BackApr 27, 2012
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description RECURRENT RELATED PARTY TRANSACTIONS
Rimbunan Sawit Berhad ("RSB") wishes to announce that the actual value of the RRPT transacted with the following related party pursuant to the existing shareholder mandate obtained on 9 May 2011, has exceeded the estimated value of the RRPT as disclosed in the Circular to Shareholders dated 15 April 2011 ("Circular"), by more than ten percent (10%). Further details are set out in the table below.
Name of Related Party
Type of RRPT
Estimated Value as disclosed in the Circular
Actual Value transacted from 9 May 2011 to 24 April 2012
Variation between actual value and Estimated value
Reason for the variation
Pelita Melor Sdn Bhd
Fresh fruit bunches ("FFB") purchased by R. H. Plantation Sdn Bhd RM1,200,000 RM1,650,181 RM450,181
(37.52%)
Additional FFB purchased to maximise the production capacity of the palm oil mill and the FFB price exceeded management's initial forecast

 


Announcement Info

Company Name RIMBUNAN SAWIT BERHAD  
Stock Name RSAWIT    
Date Announced 27 Apr 2012  
Category General Announcement
Reference No CC-120427-2C06C