Must a listed corporation obtain shareholder approval for RRPTs, where such transactions reach the threshold that requires shareholder approval?
Yes, however, the shareholder approval may be in the form of a general mandate from shareholders procured on a yearly basis pursuant to Rule 10.09 of the ACE LR. Where no general mandate is obtained from its shareholders, specific shareholder approval must be obtained for such transactions that reach the threshold which requires shareholder approval before the said transaction is completed.