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Bursa Announcements

Date : 28 February 2014

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RECURRENT RELATED PARTY TRANSACTIONS TH PLANTATIONS BERHAD ("THP" or "the Company") - RECURRENT RELATED PARTY TRANSACTIONS

TH PLANTATIONS BERHAD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
DescriptionTH PLANTATIONS BERHAD ("THP" or "the Company") - RECURRENT RELATED PARTY TRANSACTIONS
We refer to our announcement dated 28 August 2013 in relation to the Actual Value of Recurrent Related Party Transactions ("RRPTs") entered into by the Company which has exceeded 10% of the Estimated Value as disclosed in the Company's Circular to Shareholders dated 27 April 2013.
The Company wishes to announce that as at 31 December 2013 the Actual Value of RRPTs entered into by the Company has exceeded by another 10% of the Estimated Value as disclosed in the Company's Circular to Shareholders dated 27 April 2013. The details of the RRPTs are as follows:

Related Parties
Estimated Value of RRPTs as Disclosed in Circular to Shareholders dated
27 April 2013
Actual Value of RRPTs as at
31 December 2013
Deviation
Reasons for Deviation
Amount
%
Syarikat Takaful Malaysia Berhad
RM1,658,000
RM2,513,000
RM855,000
51.5
Additional insurance premium payable for newly acquired subsidiaries i.e. TH Ladang (Sabah & Sarawak) Sdn. Bhd.'s group, TH Bakti Sdn. Bhd., Bumi Suria Ventures Sdn. Bhd. and Maju Warisanmas Sdn. Bhd.

This announcement is dated 28 February 2014.


Announcement Info

Company NameTH PLANTATIONS BERHAD  
Stock Name THPLANT    
Date Announced28 Feb 2014  
CategoryGeneral Announcement
Reference NoTP-140228-3CEB0
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