Z Bhd, a listed corporation enters into transactions involving the acquisitions and disposal of securities in A Sdn Bhd with various parties who are not connected with each other. The transactions are as follows:
Must the above transactions be aggregated to determine whether Z Bhd needs to comply with Chapter 10 of the ACE LR in respect of the aggregated transactions?
Transaction 2 will be aggregated with Transaction 1 where Z Bhd will be required to announce Transactions 1 and 2 in accordance with Rule 10.06 of the ACE LR.
Transaction 3 will be aggregated with Transactions 1 and 2 where Z Bhd will be required to, amongst others, seek its shareholder approval for Transaction 3 in accordance with Rule 10.07 of the ACE LR. However, Z Bhd must ensure that the circular issued to its shareholders includes information on Transactions 1, 2 and 3.