Goodway industries11/11/2022 ![]() ![]() He with his management skills and in-depth knowledge of this domain has helped us in attaining a commendable position in this domain. Goodway Rubber Industries Sdn Bhd was founded in 1985. Sanjay Azad, who holds expertise in his field of work. We were set up as a proprietorship firm and are managed by Mr. We exports our products to Paris, Germany, Oman and South Africa. Keeping the convenience of our customers in mind, we offer different modes of payment. ![]() Prompt delivery is assured owing to our wide distribution network, which is well-connected with different modes of transportation such as railways and roads. Quality of the offered range is our priority and it is maintained through various quality assurance procedures conducted by our team of quality controllers. Their low frictional coefficient, thermal & chemical resistant, dimensional accuracy, rugged construction and impeccable finish, make these products highly demanded in the market. Offered range of products is widely used in various construction, pneumatic, textile, automobile, oil & gas, and agriculture industries. The product range offered by us is inclusive of Hydra JCB Spare Part Bush and Cast Nylon Ring. #GOODWAY INDUSTRIES ISO#To view the table/image, please refer to the attachment.Known for manufacturing, supplying, exporting and wholesaling an extensive array of premium quality Cast Nylon and an ISO 9001: 2015 certified Goodway Industries started its operations at Ghaziabad district of Uttar Pradesh in the year 2006. The Directors of the Company having considered all aspects of the RRPTs are of the opinion that the same are in the best interest of the Group. The Goodway Group have established business relationships with Coltrac since 1999 and GT since 1994. The transactions entered into or will be entered into with the related parties would enable the Goodway Group to source/supply materials to/from reliable sources. Save for Mr Tai Boon Wee, the director and major shareholders of Goodway and Ms Gan Huey Mian, the Executive Director of GWR respectively, none of the Directors and/or major shareholders of the Company or persons connected to them have any interest direct or indirect in the RRPTs. The Company however, at the next forthcoming Annual General Meeting shall seek a Shareholders' Mandate for the Company and its subsidiaries to enter into future RRPTs with the related parties.ĥ.0 INTERESTS OF DIRECTORS AND SUBSTANTIAL SHAREHOLDERS The RRPTs are not subject to the approval of the shareholders of the Company or any other governmental authorities. The RRPTs will have no effect on the issued and paid-up capital of the Company. The RRPTs were expected to have some effect on the Net Assets of the Group. ![]() The RRPTs were expected to contribute positively to the earnings of the Group for the year ended 31 December 2006 and year ending 31 December 2007. must have edges sealed with acceptable compounds ) GOODWAY INDUSTRIES, INC. The RRPTs were entered into on normal commercial terms which are not more favourable to the related party than those generally available to the public and which are not to the detriment of minority shareholders of the Company. GARNER, NORTH CAROLINA Tray Conveyor : TC - 1212 GLASS INDUSTRIES, INC. The nature and values of the RRPTs are set out in the table below. GT-Gulf (M) Sdn Bhd ("GT") is a company controlled by Mr Gan Chun Hui, the brother of Ms Gan Huey Mian, the Executive Director of GWR. Mr Tai Boon Hang and Mr Tai Boon Tatt are persons connected to Mr Tai Boon Wee. They are brothers to Tai Boon Wee, the Managing Director/Chief Executive Officer and major shareholder of the Company. Goodway Rubber Industries Sdn Bhd ("GWR") and Big Wheel (Sabah) Sdn Bhd ("BWS") are all 100% subsidiaries of the Company.Ĭoltrac Sdn Bhd ("Coltrac") is a company controlled by Mr Tai Boon Hang and Mr Tai Boon Tatt, who are directors and major shareholders of Coltrac. These transactions have been entered into on arms length basis and is not detrimental to the minority shareholders of the Company.ĭetails of the nature and values of the RRPTs are set out hereunder. 12/2001 the Company wishes to announce that certain subsidiaries of the Company have entered into or will be entering into recurrent related party transactions ("RRPTs") of a revenue or trading nature which are necessary for the day-to-day operations. Pursuant to Paragraph 10.08 and Practice Note No. ![]()
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