Computation of percentage ratio
10.9
If the transaction is entered into, not by the listed issuer but by its subsidiary, how are the percentage ratios referred to in paragraph 10.02(g) of the Main LR applied?
In applying the percentage ratios the listed issuer should take into account its interest in the subsidiary in question. For example, A Bhd, a listed issuer, has a 60% owned subsidiary, B Sdn Bhd. B Sdn Bhd acquires a piece of land for the consideration of RM10 million. The calculation of the percentage ratio in respect of paragraph 10.02(g)(iii) should be as follows:
60% x RM10 million-----------------------------------------------------------Net assets of A Bhd on consolidated basis