TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS
Description
:
VARIATION OF 10% OR MORE BETWEEN THE ACTUAL VALUE OF RECURRENT RELATED PARTY TRANSACTION ("RRPT") TRANSACTION THAN THE ESTIMATED AGGREGATED VALUE DISCLOSED IN 2011 MANDATE
Announcement Details/Table Section :
Pursuant to Paragraph 10.09(2)(e) Main Market Listing Requirement of Bursa Malaysia Securities Berhad, the Board of Directors of KPJ wishes to announce that the actual value of RRPT transacted pursuant to 2011 Mandate for one of the related company of KPJ has exceeded the estimated aggregated value disclosed in the same by more fhan 10%.
Details of the transactions are as follows :
Nature of Transaction
Transacting Party
Estimated aggregated value disclosed in 2011 Mandate (RM'000)
Actual value transacted pursuant to 2011 Mandate (RM'000)
Variation (%)
Security services fees payable
Teraju Fokus Sdn Bhd
2,909
3,766
29.46
The variation which exceeded the estimated value by more than 10% during the mandate period was mainly attributable by the increase in the hourly wage rate for the security services provided.
However, it should be noted that, except for the particular transaction above, KPJ did not exceed the estimated aggregate RRPT value by more than 10% during the mandate period.
