Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS |
Description |
ACTUAL VALUE OF RECURRENT RELATED PARTY TRANSACTION OF A REVENUE OR TRADING NATURE ("RRPT") EXCEEDED THE ESTIMATED VALUE OF RRPT BY TEN PERCENT (10%) OR MORE |
Dayang Enterprise Holdings Bhd ("DEHB") wishes to announce that the actual value of the RRPT transacted by its subsidiary, Dayang Enterprise Sdn Bhd has exceeded the estimated value as set out in the Circular to Shareholders dated 27 May 2020 ("Circular") by more than ten percent (10%).
The details are as follows:
Related Parties which have recurrent transactions with Dayang Group | Nature of Transaction | Estimated Value as disclosed in the Circular (RM'000) | Actual Value Transacted from 22 June 2020 to 30 April 2021 (RM'000) | Amount Exceeded (RM'000) | Reason for the Variation |
Clear Water Services Sdn Bhd (CWSB) | Provision of Hydraulic Bolt Tensioning, Hydraulic Torque Wrench and Habitat Equipment and Manpower | 10,000 | 12,724 |
2,724 (27%)
|
(i) The variation was due to the jobs secured had more requirements for CWSB. (ii) The client had approved the engagement of CWSB for the acceleration of work execution. |
This announcement is dated 24 May 2021.
Company Name | DAYANG ENTERPRISE HOLDINGS BERHAD |
Stock Name | DAYANG |
Date Announced | 24 May 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-04052021-00131 |