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Announcements

Transactions (Chapter 10 Of Listing Requirements) : Recurrent Related Party Transactions

< BackApr 03, 2025

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 transaction (RRPT)

Reference is made to Sarawak Plantation Berhad's ("SPB") Circular to Shareholders dated 23 April 2024 ("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 ("the proposed mandate"). The proposed mandate was approved by the shareholders at the Annual General Meeting held on 24 May 2024.

SPB wishes to announce that the actual value of RRPT entered into by its Subsidiary, Sarawak Plantation Agriculture Development Sdn. Bhd. ("SPAD"), with its related party, TBS Oil Mill Sdn. Bhd., had exceeded the estimated value by more than 10%. The details of the RRPT are as follows:

Type of RRPT	Estimated Value as stated in the Circular ("Estimated Value")	Actual Value transacted from 24 May 2024 to 31 March 2025 ("Actual Value")	Variation between Actual Value and Estimated Value	Reason for the Variation
Sale of Fresh Fruit Bunches ("FFB")	RM15,000,000	RM16,620,000	RM1,620,000 or 10.80% above the Estimated Value	Both the actual selling price per metric tonne of FFB and the sales volume of FFB were higher compared to the estimated selling price per metric tonne and the estimated sales volume used to calculate the Estimated Value

This announcement is dated 3 April 2025.

Announcement Info

Company Name	SARAWAK PLANTATION BERHAD
Stock Name	SWKPLNT
Date Announced	03 Apr 2025
Category	General Announcement for PLC
Reference Number	GA1-03042025-00007