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Details of Announcement
Untitled Document
| General Announcement |
| Reference No CC-110420-40475 |
| Company Name |
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KIA LIM BERHAD |
| Stock Name |
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KIALIM |
| Date Announced |
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21/04/2011 |
| Type |
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Announcement |
| Subject |
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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS |
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| Description |
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| Kia Lim Berhad (KLB) wishes to announce that the actual value of the Recurrent Related Party Transaction (RRPT) transacted with the following related party pursuant to the existing shareholder mandate obtained on 26 May 2010, has exceeded the estimated value of the RRPT as disclosed in the Circular to Shareholders dated 5 May 2010 ("Circular"), by more than ten percent (10%). Further details are set out in the table below. |
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Announcement Details/Table Section :
Name of Related Party |
Nature of Transaction |
Estimated Value in the Circular dated 5 May 2010 |
Actual Value transacted from 27 May 2010 to 18 April 2011 |
Variation between Actual Value and Estimated value |
Reason for the variation |
Sri Senanggar Batu Bata Sdn Bhd (SS) |
Vehicle rental payable to SS by Syarikat Kia Lim Kilang Batu Bata Sdn Bhd |
RM35,000 |
RM43,622 |
RM8,622(24.63%) |
To cope with the increase of sales order and output capacity |
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