MOHD yUSOF DIN (R) Independent
At 31 December 2007 Fixed rate
10. MATERIAL CONTRACTS
The information set out below is disclosed in accordance with the Listing Requirements of Bursa Malaysia:
1. UTILISATION OF PROCEEDS RAISED FROM CORPORATE PROPOSAL
At the Annual General Meeting held on 3 April 2008, the Company obtained Shareholders’ Mandate to allow the Group to enter into recurrent related party transactions of a revenue or trading nature.
In accordance with Section 4.1.5 of Practice Note No. 12/2001 of the Bursa Malaysia Securities Berhad Listing Requirements, the details of recurrent related party transactions conducted during the financial year ended 31 December 2008 pursuant to the Shareholders’ Mandate are disclosed as follows:
Value of
Interested Director/ Transactions
Related Party Connected Person Nature of Transactions RM’000
UAC Berhad Gen. Tan Sri
Dato’ Mohd Ghazali Hj. Che Mat (R) Tan Sri Dato’ Lodin
Wok Kamaruddin
Sale of trading goods to Boustead Building Materials Sdn Bhd Sale of fuel by Boustead Petroleum
Marketing Sdn Bhd
Provision of forwarding services by Boustead Shipping Agencies Sdn Bhd
Purchase of raw materials and chemicals from Boustead Engineering Sdn Bhd
Purchase of timber products from Boustead Building Materials Sdn Bhd
Purchase of paints from Boustead Sissons Paints Sdn Bhd
Provision of financial assistance to Boustead Holdings Berhad Office rental received from
Boustead Engineering Sdn Bhd and Boustead Building Materials Sdn Bhd
29,054
2,559 650
37
88
5
75,000
244
Recurrent Related Party Transactions
Recurrent Related Party Transactions
Value of
Interested Director/ Transactions
Related Party Connected Person Nature of Transactions RM’000
Boustead Heavy Industries Corporation Berhad
Boustead Naval Shipyard Sdn Bhd
Gen. Tan Sri
Dato’ Mohd Ghazali Hj. Che Mat (R) Tan Sri Dato’ Lodin
Wok Kamaruddin Datuk Azzat Kamaludin Dato’ Ghazali Mohd Ali
Gen. Tan Sri
Dato’ Mohd Ghazali Hj. Che Mat (R) Tan Sri Dato’ Lodin
Wok Kamaruddin Datuk Azzat Kamaludin
Advertising services provided by Boustead Advertising Sdn Bhd
Provision of shipping services by Boustead Shipping Agencies Sdn Bhd
Sale of equipment and machinery for ship-related activities to Boustead Naval Shipyard Sdn Bhd Ship building and repair works
provided to Boustead Naval Shipyard Sdn Bhd
Purchase of engineering equipment and chemicals from Boustead Engineering Sdn Bhd
Provision of training by Boustead Holdings Berhad
Office rental paid to Boustead Realty Sdn Bhd
Provision of renovation works by Boustead Building Materials Sdn Bhd
Provision of shipping services by Boustead Shipping Agencies Sdn Bhd
Advertising services provided by Boustead Advertising Sdn Bhd Sale of fuel by Boustead Petroleum
Marketing Sdn Bhd
Office rental paid to Boustead Realty Sdn Bhd
43
32
11,364
201,392
2,355
138
283
323
2,581
176
1,379
1,067
Value of
Interested Director/ Transactions
Related Party Connected Person Nature of Transactions RM’000
Boustead Sissons Paints Sdn Bhd
Boustead Building Materials Sdn Bhd
Gen. Tan Sri
Dato’ Mohd Ghazali Hj. Che Mat (R) Tan Sri Dato’ Lodin
Wok Kamaruddin Dato’ Ghazali Mohd Ali
Gen. Tan Sri
Dato’ Mohd Ghazali Hj. Che Mat (R) Tan Sri Dato’ Lodin
Wok Kamaruddin
Management services provided by Boustead Holdings Berhad and Boustead Estates Agency Sdn Bhd Purchase of paints by Boustead
Building Materials Sdn Bhd and Boustead Petroleum Marketing Sdn Bhd
Purchase of engineering equipment and chemical from Boustead Engineering Sdn Bhd Provision of forwarding services
by Boustead Shipping Agencies Sdn Bhd
Provision of computer services by Boustead Information Technology Sdn Bhd Office rental paid to Boustead
Building Materials Sdn Bhd
Management services provided by Boustead Holdings Berhad Provision of renovation works to
Boustead Sissons Sdn Bhd, Boustead Travel Services Sdn Bhd, Boustead Curve Sdn Bhd and Boustead Holdings Berhad Provision of forwarding services
by Boustead Shipping Agencies Sdn Bhd
Provision of computer services by Boustead Information Technology Sdn Bhd Office rental paid to Boustead
Global Trade Network Sdn Bhd
163
11,301
4
532
252
80
87
829
549
166
10
Recurrent Related Party Transactions
Value of
Interested Director/ Transactions
Related Party Connected Person Nature of Transactions RM’000
Idaman Pharma Manufacturing Sdn Bhd
Boustead Petroleum Marketing Sdn Bhd
Arkitek MAA
Azzat & Izzat
Affin Holdings Berhad Group
Gen. Tan Sri
Dato’ Mohd Ghazali Hj. Che Mat (R) Tan Sri Dato’ Lodin
Wok Kamaruddin
Gen. Tan Sri
Dato’ Mohd Ghazali Hj. Che Mat (R) Tan Sri Dato’ Lodin
Wok Kamaruddin
Dato’ Ghazali Mohd Ali
Datuk Azzat Kamaludin
Gen. Tan Sri
Dato’ Mohd Ghazali Hj. Che Mat (R) Tan Sri Dato’ Lodin
Wok Kamaruddin Dato’ Ghazali Mohd Ali Datuk Azzat Kamaludin
Purchase of engineering equipment and chemical from Boustead Engineering Sdn Bhd
Purchase of fuel by Boustead Plantations Berhad, Boustead Engineering Sdn Bhd, The University of Nottingham in Malaysia Sdn Bhd,
Boustead Shipping Agencies Sdn Bhd and Idaman Pharma Manufacturing Sdn Bhd Provision of forwarding services
by Boustead Shipping Agencies Sdn Bhd
Architectural services to Boustead Weld Court Sdn Bhd, Boustead Weld Quay Sdn Bhd, Boustead Curve Sdn Bhd, Mutiara Rini Sdn Bhd and Boustead Building Materials Sdn Bhd
Provision of legal services to Boustead Holdings Berhad Group
Office rental for Menara Boustead, Mutiara Damansara and Menara Affin paid to Boustead Realty Sdn Bhd, Boustead Curve Sdn Bhd and Boustead Properties Berhad Professional fees paid by Boustead Holdings Berhad and Boustead Properties Berhad
462
293
75
3,400
1,484
12,780
305
Value of
Interested Director/ Transactions
Related Party Connected Person Nature of Transactions RM’000
Johan Ceramics Berhad
Perimekar
Perbadanan Perwira Harta Malaysia
Perwira Niaga Malaysia
Irat Hotel & Resorts Sdn Bhd
Gen. Tan Sri
Dato’ Mohd Ghazali Hj. Che Mat (R) Tan Sri Dato’ Lodin
Wok Kamaruddin
Gen. Tan Sri
Dato’ Mohd Ghazali Hj. Che Mat (R) Tan Sri Dato’ Lodin
Wok Kamaruddin
Gen. Tan Sri
Dato’ Mohd Ghazali Hj. Che Mat (R) Tan Sri Dato’ Lodin
Wok Kamaruddin
Gen. Tan Sri
Dato’ Mohd Ghazali Hj. Che Mat (R) Tan Sri Dato’ Lodin
Wok Kamaruddin
Gen. Tan Sri
Dato’ Mohd Ghazali Hj. Che Mat (R) Tan Sri Dato’ Lodin
Wok Kamaruddin Dato’ Ghazali Mohd Ali
Sale of trading goods to Boustead Building Materials Sdn Bhd Sale of fuel by Boustead Petroleum
Marketing Sdn Bhd
Office rental paid to Boustead Building Materials Sdn Bhd
Office rental for Menara Boustead paid to Boustead Realty Sdn Bhd
Provision of construction works from Boustead Building Materials Sdn Bhd
Sale of fuel by Boustead Petroleum Marketing Sdn Bhd
Office rental for Menara Boustead paid to Boustead Realty Sdn Bhd Provision of project management
services by Boustead Construction Sdn Bhd
Office rental received from The University of Nottingham in Malaysia Sdn Bhd
4,713
322
11
145
67,244
4,652
72
1,151
560
Age of Year of Buildings Book Acquisition/
Location Hectares Description Tenure Years Value Revaluation
The Curve, No. 6, Jalan PJU 7/3, 5.04 Commercial land Freehold 4 387.4 2008 *
Mutiara Damansara, Selangor and building
Grant No. 5314, Semenyih, Selangor 41.20 University campus Freehold 3 145.6 2003 Menara Boustead, 69 Jalan Raja Chulan, 0.43 Office complex Freehold 23 141.1 1985 Kuala Lumpur
Mutiara Rini, Kulai, Johor 398.18 Development land 1912 - 2911 132.1 1995 Menara Affin, 80 Jalan Raja Chulan, 0.34 Office complex Freehold 10 124.5 2008 * Kuala Lumpur
Royale Bintang Kuala Lumpur 0.31 Hotel Freehold 11 105.4 2003
17-21 Jalan Bukit Bintang, Kuala Lumpur
Royale Bintang Seremban 2.52 Hotel Freehold 8 90.4 2008
Lot 20890 and Lot 20745,
Bandar Seremban, Daerah Seremban, Negeri Sembilan
183, Ampang, 1.23 Condominium Freehold 80.4 2008 *
Lot 923, Jalan Ampang, Kuala Lumpur
Lot 70, Mutiara Damansara, 17.86 Development land Freehold 67.4 1999
Mukim Sungai Buluh, Selangor
Menara UAC, Jalan PJU 7/3 0.57 Office complex Freehold 1 65.5 2008 *
Mutiara Damansara, Selangor
Menara Boustead Penang, 4.00 Office complex Freehold 10 60.9 2008 *
Jalan Sultan Ahmad Shah, Georgetown, Pulau Pinang
Pedai Estate, Kanowit, Sarawak 3,422 Oil palm estate 1998 - 2058 60.3 1998 Jih Estate, Kanowit, Sarawak 2,960 Oil palm estate & 1998 - 2058 57.5 1998
palm oil mill
Loagan Bunut Estate, Miri, Sarawak 4,190 Oil palm estate & 1991 - 2091 4 52.8 1994 palm oil mill
Sungai Lelak Estate, Miri, Sarawak 3,734 Oil palm estate 1988 - 2088 45.8 1994
Royale Bintang Damansara 0.62 Hotel Freehold 4 38.9 2005
No. 6, Jalan PJU 7/3, Mutiara Damansara, Selangor