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FAQ 10.38

Related party transactions

 

10.38

D Sdn Bhd, a subsidiary company of A Bhd, the listed corporation, is entering into a transaction with Y Sdn Bhd. Mr X who is a director of B Bhd, a subsidiary of the listed corporation is also a director and a substantial shareholder of Y Sdn Bhd. A Bhd has no holding company. Assuming that Mr X has no interest in A Bhd, is this a related party transaction?

AceFAQ 10.38-table.PNG
​No, based on the facts above, this transaction is exempted under Rule 10.08(11)(o) of the ACE LR.