News

Recurrent Related Party Transactions Of A Revenue Or Trading Nature ("RRPT")

BackDec 26, 2024

 

Type Announcement
Subject OTHERS
Description PENTAMASTER CORPORATION BERHAD (“PCB” or “the Company”)
RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (“RRPT”)
  1. INTRODUCTION

 

Pursuant to Paragraph 10.09(2)(e) of the Main Market Listing Requirements of Bursa Malaysia Securites Berhad, the Board of Directors of the Company (“the Board”) wishes to announce that the aggregated Actual Value of the RRPT entered into by PCB’s subsidiaries which the Company has obtained a shareholders’ mandate at its Twenty Second (22nd) Annual General Meeting held on 7 June 2024, has exceeded the aggregated Estimated Value for the said RRPT as disclosed in the Circular to Shareholders dated 29 April 2024 (‘the Circular”) by more than ten percent (10%).

 

The details of the RRPT which exceeded the aggregated Estimated Value as disclosed in the Circular are as follows:

 

 

  1. DETAILS OF RRPT

 

 

Name of transacting

related parties

Nature of Transaction

Estimated Transaction Value as disclosed in the Circular

 

 

 

 

RM’000

 

Actual value transacted from 7 June 2024 to 26 December 2024

 

RM’000

 

Difference

 in value

 

 

 

 

 

 

 

RM’000

Difference

in percentage

 

 

 

 

 

 

(%)

Reasons for the difference

Pingspace Sdn. Bhd

Provision of hardware and

system integration

solution in relation to

automated supply-chain

management solutions by

Pentamaster Equipment Manufacturing Sdn. Bhd. to Pingspace Sdn. Bhd.

8,000

9,358

1,358

16.98

Due to higher than forecasted demand from the end customers of Pingspace in automated supply-chain management solutions.

 

Aggregated Value

 

 

8,000

 

9,358

 

1,358

 

16.98

 
               

 

 

This announcement is dated 26 December 2024.

 

Announcement Info

Company Name PENTAMASTER CORPORATION BERHAD
Stock Name PENTA
Date Announced 26 Dec 2024
Category General Announcement for PLC
Reference Number GA1-26122024-00013