News | APM Automotive Holdings Berhad

Recurrent Related Party Transactions Of Revenue And Trading Nature

BackMay 17, 2010

Date Announced

17/05/2010

Type

Announcement

Subject

RECURRENT RELATED PARTY TRANSACTIONS OF REVENUE AND TRADING NATURE

Contents

Pursuant to Paragraph 10.09 (2) (e) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company informs that the actual value of Recurrent Related Party Transactions entered into with Tan Chong Motor Holdings Berhad Group ("TCMH Group") has exceeded more than 10% of the estimated value disclosed in the circular to shareholders dated 27 April 2009.

Announcement Details :

Estimated value as disclosed in the preceding year's circular (RM' 000)	Actual value transacted ( Announcement dated 1 March 2010)			Actual value transacted ( Announcement dated 12 April 2010)			Actual value transacted ( Announcement dated 17 May 2010)
		Difference in			Difference in			Difference in
	(RM' 000)	Value (RM' 000)	Percentage %	(RM' 000)	Value (RM' 000)	Percentage %	(RM' 000)	Value (RM' 000)	Percentage %
72,113	86,752	14,639	20.3	106,232	34,119	47.31	118,699	46,586	64.6%

The increase in actual value was due mainly to the increase in the sales of parts and components supplied to the TCMH Group.