Recurrent Related Party Transactions of A Revenue or Trading Nature
BackMay 21, 2010
| Type | Announcement |
| Subject | Recurrent Related Party Transactions of A Revenue or Trading Nature |
| Contents | Tan Chong Motor Holdings Berhad (“TCMH” or “the Company”) had at the 37th Annual General Meeting of the Company held on 20 May 2009 obtained a shareholders’ mandate (“Shareholders’ Mandate”) to allow the Company and its subsidiaries to enter into recurrent related party transactions of a revenue or trading nature (“RRPTs”) with APM Automotive Holdings Berhad and its subsidiaries (“APM Group”) and Auto Dunia Sdn Bhd. Further to the Company’s announcement dated 14 April 2010 and in accordance with Paragraph 10.09(2)(e) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company informs that the actual value of the RRPTs entered into by TCMH Group with APM Group and Auto Dunia Sdn Bhd has exceeded more than 10% of the estimated value disclosed in the circular to shareholders dated 28 April 2009 as set out in Table 1 below. |
Announcement Info
| Company Name | TAN CHONG MOTOR HOLDINGS BERHAD |
| Stock Name | TCHONG |
| Date Announced | 21 May 2010 |
| Category | General Announcement |
| Reference No | TCM-100521-FBC87 |
Attachments
- TCHONG_210510.pdf (Size: 34,188 bytes)