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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS AVALAND BERHAD (FORMERLY KNOWN AS MCT BERHAD) ("AVALAND" OR "THE COMPANY") - RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("RRPT")

AVALAND BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description
AVALAND BERHAD (FORMERLY KNOWN AS MCT BERHAD) ("AVALAND" OR "THE COMPANY")
- RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("RRPT")

Pursuant to Paragraph 10.09(1)(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Avaland wishes to announce that the Company had entered into a Recurrent Related Party Transaction where interest payment of RM11,537,000.00 for the period from 1 January 2023 to 31 December 2023 with its major shareholder, Ayala Land, Inc. as it is exceeding the prescribed threshold of 1%.

 

Please refer to the attachment for further details.

 

The announcement is dated 21 February 2024. 




Please refer attachment below.

Attachments

Avaland - RRPT.pdf
144.6 kB



Announcement Info

Company Name AVALAND BERHAD
Stock Name AVALAND
Date Announced 21 Feb 2024
Category General Announcement for PLC
Reference Number GA1-20022024-00047



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