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BackOct 18, 2018

 

Type Announcement
Subject OTHERS
Description

KUMPULAN PERANGSANG SELANGOR BERHAD (PERANGSANG SELANGOR OR COMPANY) FRAMEWORK AGREEMENT ENTERED INTO BETWEEN AQUA-FLO SDN BHD AND PENGURUSAN AIR SELANGOR SDN BHD FOR THE SUPPLY AND DELIVERY OF CHEMICALS TO WATER TREATMENT PLANTS IN SELANGOR AND FEDERAL TERRITORIES OF KUALA LUMPUR AND PUTRAJAYA FOR YEARS 2018 2020 FOR A TOTAL ESTIMATED CONTRACT SUM OF RM162,545,214.00

Reference is made to the Company’s announcement dated 17 October 2018 in relation to the Framework Agreement entered into between Aqua-Flo Sdn Bhd and Pengurusan Air Selangor Sdn Bhd for the supply and delivery of chemicals to water treatment plants in Selangor and Federal Territories of Kuala Lumpur and Putrajaya for years 2018 – 2020 for a total estimated contract sum of RM162,545,214.00 (“Announcement”).

Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the aforesaid Announcement.

The Board of Directors of Perangsang Selangor wishes to update that the Group has in the ordinary course of business entered into the following recurrent related party transaction (“RRPT”)* with the same related party namely Air Selangor within the preceding 12 months period i.e. from 18 October 2017 to 17 October 2018 :

 

Transacting subsidiaries of Perangsang Selangor

Nature of Transaction

Date of Announcement

Aggregated value of RRPT transacted from 18 October 2017 to 17 October 2018

(RM)

Percentage Ratio (%)

Smartpipe Technology Sdn Bhd

Laying of new pipes to replace existing pipes in Selangor and Federal Territories of Kuala Lumpur and Putrajaya.

2 July 2018

0

0

*Note:

No mandate is obtained from the shareholders of Perangsang Selangor in respect of the above RRPT pursuant to Paragraph 10.09(2) of the MMLR.

The Company will continue to monitor its obligations to ensure compliance of Paragraph 10.09 of the MMLR with respect to the RRPT.

This announcement is dated 18 October 2018.

 

 


Announcement Info

Company Name KUMPULAN PERANGSANG SELANGOR BERHAD
Stock Name KPS
Date Announced 18 Oct 2018
Category General Announcement for PLC
Reference Number GA1-18102018-00071