Related party transactions
10.38
D Sdn Bhd, a subsidiary company of A Bhd, the listed issuer, is entering into a transaction with Y Sdn Bhd. Mr X who is a director of B Bhd, a subsidiary of the listed issuer is also a director and a substantial shareholder of Y Sdn Bhd. A Bhd has no holding company. Assuming that Mr X has no interest in A Bhd, is this a related party transaction?
Illustration 3
No, based on the facts above, this transaction is exempted under paragraph 10.08(11)(o) of the Main LR.