| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING
REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS |
| Description | SINO HUA-AN INTERNATIONAL BERHAD
("HUA-AN" OR "THE COMPANY") - RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("RRPT") |
The Board of Directors of Hua-An wishes to announce that the actual
value of the RRPT transacted with the following related party pursuant to the existing
shareholders' mandate obtained on 21 May 2012, has exceeded the estimated value of the
RRPT as disclosed in the Circular to Shareholders dated 27 April 2012 ("Circular") by
more than ten percent (10%). Further details are set out in the table below:-
|
Class of Related Party
|
Nature of Transactions
|
Estimated Value as Disclosed in the
Circular
(RM'000) |
Actual Value Transacted from 21 May
2012 up to 27 March 2013
(RM'000) |
Amount
Exceeded
(RM'000) |
Reason for the Variation
|
|
Shandong Huasheng Jiangquan Industrial
Thermoelectricity Co., Ltd
|
Purchase of steam by Hua-An
|
8,117
|
13,849
|
5,732
(70.6%) |
Due to revision of unit price
|
This announcement is dated 2 April 2013.