TAANN

4.090

-0.15 (-3.5%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS VARIATION BY 10% OR MORE BETWEEN ACTUAL VALUE AND ESTIMATED VALUE OF RECURRENT RELATED PARTY TRANSACTIONS ("RRPT") PURSUANT TO A SHAREHOLDER MANDATE

TA ANN HOLDINGS BERHAD

Type

Announcement

Subject

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS

Description

VARIATION BY 10% OR MORE BETWEEN ACTUAL VALUE AND ESTIMATED VALUE OF RECURRENT RELATED PARTY TRANSACTIONS ("RRPT") PURSUANT TO A SHAREHOLDER MANDATE

Ta Ann Holdings Berhad (“Ta Ann”) wishes to announce that the actual values of the RRPT transacted with the following related party pursuant to the existing shareholder mandate obtained on 29 May 2023, has exceeded the estimated value of the RRPT as disclosed in the Circular to Shareholders dated 28 April 2023 (“Circular”), by more than ten percent (10%). Further details are as follows:

Subsidiaries of Ta Ann

Related Party

Nature of Transactions

Estimated Value as disclosed in the Circular (RM)

Actual Value Transacted from 29 May 2023 to 1 April 2024 (RM)

Amount Exceeded (RM)

Reason for the variation

Ta Ann Plywood Sdn Bhd, Raplex Sdn Bhd & Ta Ann Pelita Baleh Sdn Bhd

Ironwall Sdn Bhd

Contract fee for logs extraction, hiring of machinery and supply of diesel and spare parts, freight & transportation charges and fuel allowance paid

20,000,000

24,785,022