ANNOUNCEMENT IN BURSA

QUESTION: DOES A TRANSACTION ENTERED BY THE SUBSIDIARY OF A

LISTED COMPANY IN BURSA NNED TO BE ANNOUNCED?
Transactions entered into by a listed issuer or its subsidiary under Chapter 10 of
the LR is an instance where the materiality has been predetermined for purposes
of disclosure in respect of transactions entered into by a listed issuer or its
subsidiaries. Pursuant to the requirement under Chapter 9.04, a listed issuer
must make immediate announcement of material information pertaining to the
JVA entered by its subsidiary. The general information to be included, where
applicable, in announcement of transactions is provided in Appendix 10A and
Appendix 10B particularly in Part B.

QUESTION: DOES AN ANNOUNCEMENT NEED TO BE MADE WHEN A

LISTED COMPANY TRANSFER 40% SHARES IN ANOTHER COMPANY
WHOLLY OWNED BY IT TO ITS SUBSIDIARY.
According to Chapter 9.19 (24) pursuant to immediate announcements to the
Exchange, any disposal of shares in another corporation or any other event
which results in such corporation ceasing to be a subsidiary of the listed issuer.
On this matter, since the transfer of the shares has no effect on the status of the
corporation, there is no requirement for it to be announced.