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Details of Announcement

 

Untitled Document
General Announcement
Reference No CC-110420-40475

Company Name
:
 KIA LIM BERHAD  
Stock Name
:
 KIALIM  
Date Announced
:
 21/04/2011  


Type
:
 Announcement
Subject
:
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS

Description
:
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.

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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