| Type | Announcement | ||||||||||
| Subject | OTHERS | ||||||||||
| Description | Announcement – Transactions (Chapter 10 of Listing Requirements) Recurrent Related Party Transactions Description – Recurrent Related Party Transactions of a Revenue or Trading Nature |
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APM Automotive Holdings Berhad (“APM” or “the Company”) had at the 16th Annual General Meeting of the Company held on 22 May 2013 obtained a general mandate from its shareholders to allow APM and its subsidiaries (“APM Group”) to enter into recurrent related party transactions of a revenue or trading nature (“RRPTs”) with Tan Chong International Limited and its subsidiaries (“TCIL Group”). In accordance with paragraph 10.09(2)(e) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company informs that the actual value of the RRPTs entered into by APM Group with TCIL Group has exceeded by more than 10% of the estimated value disclosed in the Circular to shareholders dated 30 April 2013 as set out in Table 1 below.
TABLE 1
This announcement is dated 18 April 2014 |
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| Company Name | APM AUTOMOTIVE HOLDINGS BERHAD |
| Stock Name | APM |
| Date Announced | 18 Apr 2014 |
| Category | General Announcement |
| Reference No | AA-140418-62843 |