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TRANSOCEAN HOLDINGS BHD ("TRANSOCEAN" OR "THE COMPANY") - Recurrent Related Party Transactions of a Revenue or Trading Nature

Amended Announcements
Please refer to the earlier announcement reference number: CS-081008-5F20C

TRANSOCEAN HOLDINGS BHD

TypeAnnouncement
SubjectTRANSOCEAN HOLDINGS BHD ("TRANSOCEAN" OR "THE COMPANY")
- Recurrent Related Party Transactions of a Revenue or Trading Nature
ContentsReference made to the Company's earlier announcement dated 8 October 2008 (Reference No. CS-081008-5F20C) in relation to the recurrent related party transactions of a revenue or trading nature ("RRPTs"), the Company wish to announce that the management had inadvertently included the following transaction which shall not be categorized as RRPT in the said announcement as Ms. Cheah Saw Saik and Mr. Khaw Khoon Teng are not regarded as the persons connected to the Directors of Transocean pursuant to the definition of "person connected" as set out in the Listing Requirements of Bursa Malaysia Securities Berhad and Section 122A of the Companies Act, 1965:

"(iii) provision of shipping and freight forwarding services to /by Transocean Logistics Sdn Bhd by / to TFS Logistics Pte Ltd."

Based on foregoing, the Company will accordingly not table the relevant motion pertaining to the above transaction for shareholders' approval or ratification (as the case may be ) in the forthcoming Annual General Meeting. Save for the above changes, the Company will still seek for shareholders' approval and ratification (as the case may be) for the following transactions:-

i) Sale of tyres by Usmeta Manufacturing Sdn Bhd to certain subsidiaries of Nadi Corporation Sdn Bhd; and
ii) Provision of freight forwarding and trucking related services by Transocean Freight Services Sdn Bhd to Carefree Premium Sdn Bhd

A circular in relation to the RRPTs will be despatched to the shareholders of the Company in due course.

Please refer to the attached amended announcement for details of RRPTs.

Attachments

attachment_RRPT.pdf
29 KB



Announcement Info

Company NameTRANSOCEAN HOLDINGS BHD  
Stock Name TOCEAN    
Date Announced31 Oct 2008  
CategoryGeneral Announcement
Reference NoCS-081031-7B56F



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