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

BackMay 10, 2011
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description Rimbunan Sawit Berhad (“RSB” or “the Company”) wishes to announce that the actual value of the RRPT transacted with RH Selangau Palm Oil Mill Sdn Bhd pursuant to the existing shareholder mandate obtained on 10 February 2010, has exceeded the estimated value of the RRPT as disclosed in the Circular to Shareholders dated 19 January 2010 ("Circular"), by more than ten percent (10%). Further details are set out in the table below.
Type of
RRPT
Estimated value as disclosed in the Circular ("Estimated Value")
Actual value transacted from
10 February 2010 to
30 April 2011 ("Actual Value")
Variation between Actual Value and Estimated Value
Reason for the
variation
Sales of Fresh Fruit Bunches
RM20,000,000.00
RM23,466,951.66
RM3,466,951.66
(17.33%)
 Dramatical increase in average Crude Palm Oil price

 

Announcement Info

Company Name RIMBUNAN SAWIT BERHAD  
Stock Name RSAWIT    
Date Announced 10 May 2011  
Category General Announcement
Reference No CCS-110510-4AD29

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