Bursa Announcements

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

BackDec 24, 2013
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description Pursuant to paragraph 10.09(1) of the of the Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Bonia Corporation Berhad ("Bonia" or "the Company") wish to announce that the following subsidiary companies of Bonia between 1 August 2013 to 30 November 2013 have in the ordinary course of their business entered into certain transactions of a revenue or trading nature.

Further to the announcement made by the Company on 23 December 2013, the Board wishes to provide additional information in relation to the Recurrent Related Party Transactions of a revenue or trading nature as follows:-

1. The payment of office rental by Active World Pte Ltd and Jetbest Enterprise Pte Ltd to Long Bow Manufacturing (S) Pte Ltd for renting of the office space in Singapore is on monthly basis.

2. The Audit Committee has reviewed the Recurrent Related Party Transactions of a revenue or trading nature as detailed in the Company’s announcement dated 23 December 2013 (“RRPT”), and having considered all aspects of the RRPT, the Audit Committee was of the view that the RRPT is established under normal commercial terms and are in the best interest of the Company and not to the detriment of the minority shareholders.

The Board also wishes to clarify that the announcement dated 23 December 2013 should be referred to as a new announcement instead of an amended announcement and the details of the announcement remains unchanged.

This announcement is dated 24 December 2013.

 


Announcement Info

Company Name BONIA CORPORATION BERHAD  
Stock Name BONIA    
Date Announced 24 Dec 2013  
Category General Announcement
Reference No BC-131224-43157