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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 transaction (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 transaction (RRPT)
Reference is made to Sarawak Plantation Berhad's (SPB) Circular to Shareholders dated 22 April 2026 (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 22 May 2026.
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, Sebubu Sdn. Bhd., has again exceeded the estimated value by more than 10% since the date of its last announcement on 17 August 2026. The details of the RRPT are as follows:
Type of RRPT
Estimated Value stated in the Circular (Estimated Value)
Actual Value transacted from 22 May 2026 to 13 August 2026
Actual Value transacted from 14 August 2026 to 15 September 2026
Variation between Actual Value and Estimated Value
Reason for Variation
Sale of oil palm seedlings
RM179,000
RM245,000 or 36.87% above the Estimated Value
Announcement was made on 17 August 2026
RM163,000
RM163,000 or 91.06% above the Estimated Value
The actual quantity of oil palm seedlings sold was higher than that used to calculate the Estimated Value