News

Tan Chong Motor Holdings Berhad (“TCMH” or “the Company”) had at the 43rd Annual General Meeting of the Company held on 27 May 2015 ("Approval Date") obtained a shareholders’ mandate to allow TCMH and its subsidiaries (“TCMH Group”) to enter into recurrent related party transactions of a revenue or trading nature (“RRPTs”) with Auto Dunia Sdn Bhd (“ADSB”) in respect of, among others, sale and purchase of motor vehicles.

The Company had on 31 March 2016 announced that the actual value of the RRPTs entered into by TCMH Group with ADSB since the Approval Date to 30 March 2016 had exceeded by more than 10% of the estimated value disclosed in the Circular to Shareholders dated 30 April 2015.

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 ADSB since 30 March 2016 has exceeded by more than 10% of the estimated value disclosed in the Circular to Shareholders dated 30 April 2015, the details of which are set out in Table 1 below.