Announcements
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RECURRENT RELATED PARTY TRANSACTIONS NYLEX (MALAYSIA) BERHAD Shareholders’ Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature (“RRPT”)
| NYLEX (MALAYSIA) BERHAD |
| Type | Announcement | ||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS | ||||||||
| Description | NYLEX (MALAYSIA) BERHAD Shareholders’ Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature (“RRPT”) | ||||||||
Deviation between estimated and actual RRPT value We refer to our circular issued on 29 October 2013 and the shareholders’ mandate for RRPT obtained on 20 November 2013. The shareholders’ mandate included the following transaction:
For the period from 21 November 2013 to 20 October 2014, the actual RRPT incurred, in aggregate, amounted to RM91,711,936, representing a deviation of 19.0% between the estimated and actual RRPT value. The deviation was due to the following reasons: 1. increase in prices of industrial chemicals; and 2. the increase in purchases to meet customer’s contracted requirements as a result of shortage in supply caused by the unplanned temporary shutdown of a supplier’s plant. This announcement is dated 21 October 2014.
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Announcement Info
| Company Name | NYLEX (MALAYSIA) BERHAD |
| Stock Name | NYLEX |
| Date Announced | 21 Oct 2014 |
| Category | General Announcement |
| Reference No | NN-141021-52494 |