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FAQ 10.42

Related party transactions

 

10.42ABC Berhad and/or its subsidiaries propose(s) to enter into the following transactions:
AceFAQ 10.42-table.PNG
​What are the obligations of ABC Berhad in relation to the above transactions?
​The obligations of ABC Berhad are as follows:
Transaction 1

​Pursuant to Rule 10.08(1)(a) of the ACE LR, no obligation is triggered by ABC Berhad in relation to the related party transaction as even though the highest percentage ratio triggered is 5% (i.e. threshold for shareholder approval for related party transactions), the value of consideration given is less than RM200,000.

Transaction 2

​Pursuant to Rule 10.08(1) of the ACE LR, as the highest percentage ratio is less than 0.25%, no requirement is imposed on ABC Berhad to immediately announce the related party transaction.