Examples of Related Party(ies) in a sentence
A list of the Related Parties is established and circulated annually to the finance division of the Group, who shall monitor and ensure that all RRPT(s) to be entered into by the Group are reported and forwarded to the Audit Committee, who then ensures that the RRPT(s) are to be undertaken on an arm’s length basis, on terms which are not more favourable to the Related Party(ies) other than those generally available to the public and which are not to the detriment of the minority shareholders of Boilermech.
There are no contract or arrangement entered into with Related Party(ies) during the year which requires to be disclosed in Form AOC-2 under Sections 188(1) and 134(h) of the Act.
The Proposed Shareholders' Mandate will eliminate the need to announce and convene separate general meetings of Boilermech from time to time to seek shareholders' approval on each occasion pursuant to the requirements of Paragraph 10.09(2) of the Listing Requirements, as and when potential transactions with the specified classes of Related Party(ies) arise.
Wherever practicable, at least two (2) other contemporaneous transactions with unrelated third parties for substantially similar products or services, and/or quantities will be used as comparison, to determine whether the price and terms offered to/by the Related Party(ies) are fair and reasonable and comparable to those offered to/by other unrelated third parties for the same or substantially similar type of products or services and/or quantities.
Such transactions have been and will be made on terms which are not more favourable to the Related Party(ies) than those generally available to the public and are not to the detriment of the minority shareholders of Boilermech.