Announcement Details/Table Section :
Further to the announcement made on 25 February 2011, the Board of Directors of QL Resources Berhad ("QL" or " the Company") wishes to announce that the actual value of the recurrent related party transaction of a revenue or trading nature ("RRPT") transacted between its subsidiary namely QL Plantation Sdn. Bhd. and M.B. Agriculture (Sandakan)Sdn. Bhd. for the period from 1 January 2011 to 31 March 2011 will be exceeding the 1% percentage ratio threshold. The details of the aforesaid transaction are stated in Table A below.
This announcement is dated 9 May 2011.
Table A
Sales of fresh fruit bunches ("FFB") from M.B. Agriculture (Sandakan) Sdn. Bhd. to QL Plantation Sdn. Bhd.
| Estimated value approved on 24.08.2010 (RM'000) |
Actual transacted value announced earlier (cumulative from 24.08.2010 to 31.12.2010) (RM'000) |
Actual transacted value (cumulative period from 1.1.2011 to 31.3.2011)(RM'000) |
|
Reason |
| 5,000 |
5,705 |
4.235 |
|
Increased in contract volume and unit price of FFB |
|
