TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS

Company Name PETRONAS DAGANGAN BHD
Stock Name PETDAG
Date Announced 28 Jun 2022
Category General Announcement for PLC
Reference Number GA1-24062022-00037

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, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF PETROLIAM NASIONAL BERHAD (PETRONAS)

Further to our earlier announcements dated 30 June 2021 and 27 October 2021, and 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 28 June 2022 entered into additional six (6) Sale and Purchase Agreement (“SPA”) with PETCO Trading Labuan Company Ltd (“PTLCL” or “Purchaser”) (Company No: LL06781), an indirect 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 RM132.93 million.

Full announcement on the above is attached herein.

This announcement is dated 28 June 2022.




Please refer attachment below.



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