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TMK Chemical in RM11mil RRPT

The Star·09/09/2025 23:00:00
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KUALA LUMPUR: TMK Chemical Bhd (TMK) announced yesterday that it has entered into recurrent related party transactions (RRPT) amounting to RM10.96mil with PT Taiko Persada Indoprima (PT TPI) between Dec 12, 2024 and Aug 31, 2025.

The transactions involved the sale of chemical materials and goods to PT TPI, a company linked to TMK’s major shareholders and directors, including deputy chairman Leong Chao Seong, managing director Wong Kin Wah and Datuk Lee Soon Hian.

TMK said the RRPT was carried out in the ordinary course of business on an arm’s length basis and on terms not more favourable to related parties than those available to the public.

The company added that the transactions are not expected to materially impact earnings, assets, or gearing for the financial year ending Dec 31, 2025.