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Shareholders' Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature ("RRPT Mandate")

BackDec 17, 2010
Date Announced
:
 17/12/2010  




Type
:
 Announcement
Subject
:
ANCOM BERHAD (“Ancom” or “Company”)
Shareholders’ Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature (“RRPT Mandate”)

Contents
:
Further to the Company’s announcements made on 15 October 2010 and 22 October 2010, Ancom wishes to announce that for the period from 27 November 2009 to 25 November 2010 (being the validity period of the RRPT Mandate), the actual transacted value for :

(1) the storage services provided by SinSenMoh Transportation Pte Ltd to Dynamic Chemical Trading Pte Ltd (a related party) was RM178,457, representing a further deviation of 22.1% (total deviation of 48.7%) from the estimated value of RM120,000 ; and

(2) the transportation services provided by Pengangkutan Cogent Sdn Bhd to Fermpro Sdn Bhd (a related party) was RM138,250, representing a further deviation of 22.2% (total deviation of 38.3%) from the estimated value of RM100,000.

The reason for the deviation was due to the increased volume of business.


This announcement is dated 17 December 2010.

Announcement Details :