UNITRAD

0.245

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS UNITRADE INDUSTRIES BERHAD ("UIB" OR "THE COMPANY") - VARIATION BETWEEN MANDATED ESTIMATED AND ACTUAL VALUE OF RECURRENT RELATED PARTY TRANSACTION ("RRPT")

UNITRADE INDUSTRIES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description
UNITRADE INDUSTRIES BERHAD ("UIB" OR "THE COMPANY")
- VARIATION BETWEEN MANDATED ESTIMATED AND ACTUAL VALUE OF RECURRENT RELATED PARTY TRANSACTION ("RRPT")

Reference is made to the announcement 3 July 2025 in relation to the variation between mandated estimated and actual value of RRPT. The terms herein shall bear the same meaning as defined in the said announcement.

 

Further to the announcement made on 3 July 2025 in respect of the variation between mandated estimated and actual value of RRPT by 10% or more, the Company wishes to announce that the actual value of the RRPT entered into by its subsidiary, Syarikat Logam Unitrade Sdn Bhd (“SLU”) with its related party, Sanifix (M) Sdn Bhd (“Sanifix”), have further exceeded the estimated value of the RRPT disclosed in the Circular by more than 10%. Further details are provided in table below:

 

Type of RRPT

Total Value stated in the Circular

Total Value transacted from 5 September 2024 till 23 August 2025

Variation between Actual Value and Total Value stated in Circular

Reason for Variation

Sales by SLU of pipes, valves, fittings, steel bar, and other building materials

 

RM5,000,000

RM8,457,000

RM3,457,000 or 69% above the Total Value stated in Circular

 

The variation is due to Sanifix’s business expansion in East Malaysia.

 

Purchase by SLU of paints, pipes, valves and fittings

 

 

This announcement is dated 25 August 2025.  






Announcement Info

Company Name UNITRADE INDUSTRIES BERHAD
Stock Name UNITRAD
Date Announced 25 Aug 2025
Category General Announcement for PLC
Reference Number GA1-22082025-00080