General Announcement
Reference No: TP-070131-57679
Company
Name
:
PACIFICMAS BERHAD
Stock
Name
:
PACMAS
Date
Announced
:
31-01-2007
Type
:
Announcement
Subject
:
PACIFICMAS BERHAD ("PacificMas")
- PURCHASE OF UNIT TRUSTS BY A RELATED PARTY IN A UNIT TRUST FUND MANAGED BY PACIFIC MUTUAL FUND BHD ("Pacific Mutual")
Contents
:
We wish to inform the Bursa Malaysia Securities Berhad that on 30 January 2007, the following related party of PacificMas has invested in Pacific AsiaPac Income Fund, a unit trust fund managed by Pacific Mutual:-
Name of Investor
Relationship with PacificMas
Amount of Investment
(RM)
Price per unit (RM)
United Malacca Berhad
Substantial shareholder
5,000,000.00
0.5044
Pacific Mutual is a subsidiary of PacificMas Berhad and its principal business activities are establishment and management of unit trust funds. The principal business activities of United Malacca Berhad are cultivation of oil palm and investment holding.
None of the directors and substantial shareholders of PacificMas and persons connected to such directors and substantial shareholders has any interest in the abovesaid transaction save for the following:-
i) Mr. Choi Siew Hong is a director of PacificMas, Pacific Mutual and United Malacca Berhad. He has a direct interest of 0.12% in the share capital of PacificMas and a direct interest of 0.17% in the share capital of United Malacca Berhad.
ii) Y. Bhg. Datuk Fong Weng Phak is a director of Pacific Mutual and United Malacca Berhad. He does not have any interest in the share capital of PacificMas, Pacific Mutual and United Malacca Berhad.
iii) United Malacca Berhad is a substantial shareholder of PacificMas.
The abovesaid transaction is not subject to the approval of the shareholders of PacificMas and the relevant government authorities.
