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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS Variation between mandated estimated value and actual value of recurrent related party transactions (RRPT)
SARAWAK PLANTATION BERHAD
Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description
Variation between mandated estimated value and actual value of recurrent related party transactions (RRPT)
Reference is made to Sarawak Plantation Berhad's (SPB) Circular to Shareholders dated 22 April 2025 (the Circular) in relation to the proposed renewal of existing shareholders' mandate and proposed new shareholders' mandate for RRPT of a revenue or trading nature (proposed mandate). The proposed mandate was approved by the shareholders at the Annual General Meeting held on 23 May 2025.
SPB wishes to announce that the actual value of the RRPT entered into by its subsidiary, Sarawak Plantation Agriculture Development Sdn. Bhd. (SPAD) with its related party, Multi Maximum Sdn. Bhd., has exceeded the estimated value by more than 10%. The details of the RRPT are as shown in the table below.
This announcement is dated 6 May 2026.
Type of RRPT
Estimated Value as stated in the Circular ("Estimated Value")
Actual Value transacted from 23 May 2025 to 4 May 2026
Variation between Actual Value and Estimated Value
Reason for the Variation
Sale of Seeds
RM378,000
RM424,000
RM46,000 or 12.17% above the Estimated Value
The actual quantity of seeds sold was higher than that used to calculate the Estimated Value