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FAQ 10.40

Related party transactions

 

10.40

X Bhd is a listed corporation. X Bhd holds 20% of the total shares in Y Sdn Bhd. Mr. A is a major shareholder of X Bhd and Y Sdn Bhd. X Bhd intends to dispose of its 20% shareholding in Y Bhd to the shareholders in X Bhd, including Mr. A, on a pro-rata basis via a restricted offer for sale. Will this be considered as a related party transaction?

​No, pursuant to Rule 10.08(11)(q) of the ACE LR, this disposal will not be considered as a related party transaction.