Common Contracts
1 similar Log Supply Agreement contracts
LOG SUPPLY AGREEMENT BETWEEN BESUT TSUDA WOOD PRODUCTS SDN BHD AND GIMZAN PLYWOOD SDN BHDLog Supply Agreement • January 23rd, 2013
Type Reply to query Reply to Bursa Malaysia's Query Letter - Reference ID IJ-130117-51110 Subject LOG SUPPLY AGREEMENT BETWEEN BESUT TSUDA WOOD PRODUCTS SDN BHD AND GIMZAN PLYWOOD SDN BHD Description With reference to the Bursa Malaysia's Querry letter,we have pleasure to furnish the following additional information: 1) The basis for the market price of logs between RM 600 to RM 2,000 per cubic metre:The market price are the prices of the common species of logs available in the forest concession in Terengganu.The prevailing market price of the logs are shown in the table section.2) The highst percentage ratio pursuant to Paragraph 10.02(g) of the Bursa Malaysia Listing Requirementsapplicable to the aggregate value of the consideration given in relation to the transaction compared withthe net assets is 58.41%.3) The Board of Directors ,excluding the interested directors, having considered that the transaction isintended to meet business needs at the best possible terms and the Company s
