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 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
30 June 2013 | Deviation | Reasons for Deviation |
Amount | % |
Syarikat Takaful Malaysia Berhad | RM1,658,000 | RM2,148,000 | RM490,000 | 29.5% | 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. |