Related party transactions
10.22
Must a listed issuer immediately announce all related party transactions?
A listed issuer must immediately announce all the following related party transaction:
(a)
related party transactions which do not fall within the category of recurrent related party transaction of a revenue or trading nature and necessary for its day to day operations ("RRPT") and -
(i)
the value of the consideration of the transaction is RM500,000 or more ; and
(ii)
the percentage ratio of such related party transaction is 0.25% or more; and
(b)
RRPTs which are not comprised in a valid mandate from its shareholders ("Mandate") and -
the consideration, value of the assets, capital outlay or costs of the RRPT is RM1 million or more; or
the percentage ratio of such RRPT is 1% or more,
whichever is the lower ("Prescribed Limit").