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Additional
Disclosure
Pursuant to the Bursa Listing Requirements, additional disclosure by the Company is as follows:-
Recurrent Related Party Transactions of Revenue or Trading Nature (“RRPT”)
RRPT of the Company for the FYE2019 was as follows:-
Name of
Subsidiary
Related
Party
Nature of
RRPT
Interested Major
Shareholder and Director
of Subsidiary
Estimated
Annual Value
Disclosed in the
Preceding Year’s
Circular
(RM’000)
Actual Value
of Transactions
during the
Financial Year
(RM’000)
PT Nunukan
Jaya Lestari
(“PTNJL”)
(1)
PT Pohon
Emas Lestari
(“PTPEL”)
(2)
Purchase of
fresh fruit
bunches
Buyer:
PTNJL
Seller:
PTPEL
Bapak Muhammad Ramli
(3)
6,563
6,572
Notes:-
(1) PTNJL’s principal activities are in the oil palm production and processing. FimaCorp effectively owns 80.0% of PTNJL;
(2) PTPEL’s principal activity is oil palm production; and
(3) Bapak Muhammad Ramli is a Director of PTNJL and has 20% direct shareholding in PTNJL. He is also a Director of PTPEL and
has 99.44% direct shareholding in PTPEL.
corporate
governance
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