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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS PETRONAS DAGANGAN BERHAD ("PDB" OR "THE COMPANY") SELLING OF WORKING INVENTORY AND DEADSTOCK BY PDB TO PETCO TRADING LABUAN COMPANY LTD ("PTLCL"), AN INDIRECTLY WHOLLY-OWNED SUBSIDIARY OF PETROLIAM NASIONAL BERHAD (PETRONAS)

PETRONAS DAGANGAN BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
PETRONAS DAGANGAN BERHAD ("PDB" OR "THE COMPANY")

SELLING OF WORKING INVENTORY AND DEADSTOCK BY PDB TO PETCO TRADING LABUAN COMPANY LTD ("PTLCL"), AN INDIRECTLY WHOLLY-OWNED SUBSIDIARY OF PETROLIAM NASIONAL BERHAD (PETRONAS)

Pursuant to Paragraph 10.08(1) of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Malaysia”), the Board of Directors (“Board”) of PDB wishes to announce that PDB (Company No: 198201008499 (88222-D)), has on 30 June 2021 entered into five (5) Sale and Purchase Agreement (“SPA”) with PETCO Trading Labuan Company Ltd (“PTLCL” or “Purchaser”) (Company No: LL06781), an indirectly wholly owned subsidiary of Petroliam Nasional Berhad (PETRONAS) (Company No: 197401002911 (20076-K)), in relation to the selling of Working Inventory and Deadstock (un-pumpable inventory) in the storage tank at selected PDB fuel terminals to PTLCL (“the Transaction”) for a total price consideration of approximately RM23.12 million.

 

Full announcement on the above is attached herein.

 

This announcement is dated 30 June 2021.




Please refer attachment below.



Announcement Info

Company Name PETRONAS DAGANGAN BHD
Stock Name PETDAG
Date Announced 30 Jun 2021
Category General Announcement for PLC
Reference Number GA1-29062021-00033




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