News
Transactions (Chapter 10 Of Listing Requirements):Recurrent Related Party Transactions
| Type | Announcement | ||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS |
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| Description | Deviation between the actual transacted value and mandate value by 10% or more. | ||||||||
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The Board of Directors of QL Resources Berhad ("QL" or "the Company") wishes to announce that the actual value of the recurrent related party transactions of a revenue or trading nature ("RRPT") transacted by Endau Group have exceeded the mandate value by 10% or more. The shareholders’ mandate for the abovementioned RRPT was obtained on 23 August 2013 and expired on the Company’s Annual General Meeting ("AGM") on 22 August 2014. At the AGM, Endau Group obtained the renewal of shareholders’ mandate for its RRPT with an estimated value of RM3,500,000 for the period from 22 August 2014 to the next AGM in 2015. The transaction value of the RRPT for the period from 23 August 2014 to 30 September 2014 stood at RM633,666. The details of the 10% deviation are as follows:- Nature of RRPT: Purchase of spare parts by Endau Group from Keang Huat Trading Sdn. Bhd.
This announcement is dated 27 October 2014. |
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Announcement Info
| Company Name | QL RESOURCES BERHAD |
| Stock Name | QL |
| Date Announced | 27 Oct 2014 |
| Category | General Announcement |
| Reference No | QR-141027-61988 |