Page 146 - HRC_AR2020

144 I 2020 ANNUAL REPORT I otHer inforMation

DisclosUre of recUrrent relateD

partY transactions

total of actual
Value from Value from transactions for
1 January 2020 to 23 June 2020 to financial Year
23 June 2020 31 December 2020 ended 2020
related party type of transaction (rM) (rM) (rM)

Shandong Hengyuan Sale of petroleum 241,735,872 33,055,502 274,791,374
Petrochemical Company products and crude oil
Limited and its subsidiaries by HRC
including:
(i) Heng Yuan Holdings Purchase of petroleum 45,912,937 13,533,013 59,445,950
Limited; products and crude oil
by HRC
(ii) Malaysia Hengyuan
International Limited;
and Provision of central 3,633,395 4,867,398 8,500,793
management, business
(iii) Hengyuan International support, administrative
Sdn Bhd services and oil and
oil products risk
management services
to HRC

Provision of technical 9,577,624 14,442,103 24,019,727
advisory and
consultancy services
and research and
development advisory
services to HRC

total 300,859,828 65,898,016 366,757,844