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Bursa Announcements

Date : 07 March 2012

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
The Company wishes to announce that the Actual Value of Recurrent Related Party Transactions ("RRPTs") entered into by the Company has exceeded 10% of the Estimated Value as disclosed in the Company's Circular to Shareholders dated 5 April 2011. The details of the RRPTs are as follows:
Related Parties
Estimated Value of RRPTs as disclosed in
Circular to Shareholders
dated 5 April 2011
Actual Value of RRPTs
as at 29 February 2012
Deviation
Reasons for Deviation
Amount
%
CCM Fertilizers Sdn. Bhd.
RM18,162,837
RM28,312,521
RM10,149,684
56%
1. Increase in unit cost per tonne;
2. Change of supplier who were unable to meet the Company's requirements; and
3. Change of type of fertilizer purchased warranting change of supplier.
TH Travel Services Sdn. Bhd.
RM882,450
RM1,019,416
RM136,966
16%
Higher travelling frequency.

This announcement is dated 7 March 2012.


Announcement Info

Company NameTH PLANTATIONS BERHAD  
Stock Name THPLANT    
Date Announced7 Mar 2012  
CategoryGeneral Announcement
Reference NoTP-120307-40793
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