| Type | Announcement |
|---|---|
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS |
| Description | WTEC GROUP BERHAD ("WTEC GROUP" or "THE COMPANY") - RECURRENT RELATED PARTY TRANSACTIONS ("RRPTs") |
Pursuant to Rule 10.09(1)(b) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of WTEC Group wishes to announce that the aggregate value transacted of the RRPTs entered into between WTEC Sdn. Bhd., the wholly-owned subsidiary of WTEC Group with Wansern Foam Industry Sdn. Bhd., a company connected with the Director/Major Shareholders of WTEC Group, for the period from 8 May 2025 to 5 June 2025 has exceeded the percentage ratio of 1% of WTEC Group and its subsidiaries’ (collectively, the “Group“) net assets of the Pro Forma Combined Statements of Financial Position as disclosed in its Prospectus dated 9 April 2025 pursuant to its initial public offering on 29 April 2025.
Kindly refer to the attachment for further details.
This announcement is dated 5 June 2025.
Please refer attachment below.
Announcement Info |
|---|
| Company Name | WTEC GROUP BERHAD |
|---|---|
| Stock Name | WTEC |
| Date Announced | 05 June 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-04062025-00035 |