TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS

General Announcement
Reference No CC-110214-54757

 

Company Name
:
 EVERGREEN FIBREBOARD BERHAD
Stock Name
:
 EVERGRN
Date Announced
:
 14/02/2011



Type
:
 Announcement
Subject
:
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS

Description
:
Reference is made to EFB's Circular to Shareholders relating to the Proposed Renewal of Shareholder Mandate and New Shareholder Mandate for RRPT of a revenue or trading nature ("Proposed Mandate") dated 26 April 2010 ("the RRPT Circular"). The ordinary resolution on the Proposed Mandate had been approved by the shareholders of EFB at the Annual General Meeting held on 17 May 2010.

Pursuant to Paragraph 10.09(2)(e) of Bursa Malaysia Securities Berhad Main Market Listing Requirements and Paragraph 2.5 of Practice Note 12, EFB now wishes to announce the variation in the actual value of the RRPT transacted with EFB and its subsidiary, Dawa Timber Industries (M) Sdn. Bhd. ("DTI") from the estimated value as disclosed in the RRPT Circular as set out in Table A below.

This announcement is dated 14 February 2011.

Announcement Details/Table Section :

 

 

The excess in transacted amount was contributed by actual purchase of Medium Density Fibreboard ("MDF") were higher than the anticipated level of business related activities.

Nature of Transaction
 Estimated aggregate value as disclosed
in the RRPT Circular to shareholders
dated 26 April 2011

"Estimated Value"
(RM'000)
 Actual value transacted from
17 May 2010 to 11 February 2011


"Actual Value"
(RM'000)
 % of variance of
Actual Value from Estimated Value
Purchase Medium Density Fibreboard ("MDF") from EFB
 3,000
 3,821
 27.37

Reason: Actual purchase of MDF were higher than the anticipated level of business related activities.
06-Jun-2011