Related party transactions

10.43

Mr. X holds an aggregate nominal amount of 8% of the voting shares in ABC Berhad, a listed issuer and he is not the largest shareholder of ABC Berhad. Is he a major shareholder in ABC Berhad under Chapter 10 of the Main LR?

No, even though he holds more than 5% of the aggregate of the nominal amounts of all the voting shares in ABC Berhad ("shareholdings"), he is not regarded as a major shareholder of ABC Berhad under Chapter 10 of the Main LR as he holds less than 10% of the shareholdings and is not the largest shareholder of ABC Berhad.