$9.4m transfer

PUBLISHED : Thursday, 01 April, 1993, 12:00am
UPDATED : Thursday, 01 April, 1993, 12:00am

IN a connected transaction under the listing rules of the stock exchange, RJP Electronics has entered a provisional agreement to transfer ownership of a warehouse for market value of $9.4 million to a company beneficially owned by RJP's major shareholdersand family. The group intends to relocate warehousing facilities to its operations in China to reduce overheads.