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, Ta Ann Plywood Sdn. Bhd., has again exceeded the estimated value by more than 10% since its last announcement. 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 11 February 2026 |
Actual Value transacted from 12 February 2026 to 2 March 2026 |
Actual Value transacted from 3 March 2026 to 4 May 2026 |
Variation between Actual Value and Estimated Value |
Reason for the Variation |
| Sale of Seeds |
RM324,000 |
RM492,000 or 51.85% above the Estimated Value.
Announcement was made on 12 February 2026
|
RM52,000 or 16.05% above the Estimated Value.
Announcement was made on 3 March 2026
|
RM52,000 |
RM52,000 or 16.05% above the Estimated Value |
The actual quantity of seeds sold was higher than that used to calculate the Estimated Value |
