Maxis Berhad
Annual Report 2015
page
190
Disclosure of
Recurrent Related Party Transactions
No.
Company
in the
Maxis Group
involved Transacting Parties
Nature of transaction
Nature of
relationship
Value incurred
from 1 January
2015 to
27 April 2015
(RM’000)
Value incurred
from 28 April
2015 to
31 December
2015
(RM’000)
Aggregate
value of
transactions
during the
financial year
(RM’000)
Transactions with UMTS (Malaysia) Sdn. Bhd. (“UMTS”), a 75%-owned subsidiary of Maxis
1.
Maxis Mobile
Sdn. Bhd.
(“MMSB”)
UMTS
Provision of corporate support
services by MMSB. Corporate
support services include services
such as support functions for
accounting, regulatory, taxation,
company secretarial and human
resources matters, rental of office
space, stationery & printing costs,
repair & maintenance of office
furniture & fittings, cleaning services
for office buildings and rental of IT
equipment
Please refer
to Note 3
1,021
2,306
3,327
2. MBSB
UMTS
Provision of designated 3G spectrum
by UMTS for MBSB’s authorised
usage, provision of 3G wholesale
services and the appointment of
MBSB to rollout the 3G network
as per the existing service level
agreement between MBSB and
UMTS
Please refer
to Note 3
15,517
33,757
49,274
Aggregate Value of Transactions with UMTS, a 75%-owned subsidiary of Maxis
16,538
36,063
52,601
Notes:
(1)
AMH Group
AD5SB, MBNS, AESB and ARSB are wholly-owned subsidiaries of Astro Malaysia Holdings Berhad (“AMH”).
Each of Usaha Tegas Sdn. Bhd. (“UTSB”), Pacific States Investment Limited (“PSIL”), Excorp Holdings N.V (“Excorp”), PanOcean Management Limited (“PanOcean”) and Ananda Krishnan
Tatparanandam (“TAK”) is a Major Shareholder with a deemed interest over 4,875,000,000 Shares representing 64.91% equity interest in Maxis (“Shares”) by virtue of its deemed interest
in Binariang GSM Sdn. Bhd. (“BGSM”) which holds 100% equity interest in Maxis Communications Berhad (“MCB”) which in turn holds 100% equity interest in BGSM Management Sdn.
Bhd. (“BGSM Management”). BGSM Management holds 100% equity interest in BGSM Equity Holdings Sdn. Bhd. (“BGSM Equity”) which in turn holds 64.91% equity interest in Maxis.
UTSB’s deemed interest in such Shares arises through its wholly-owned subsidiaries, namely, Wilayah Resources Sdn. Bhd., Tegas Puri Sdn. Bhd., Besitang Barat Sdn. Bhd. and Besitang
Selatan Sdn. Bhd., which hold in aggregate 37% equity interest in BGSM. Each of UTSB, PSIL, Excorp and PanOcean has a deemed interest over 1,249,075,472 ordinary shares of RM0.10
each (“AMH Shares”) representing 24% equity interest in AMH through the wholly-owned subsidiaries of UTSB, namely, Usaha Tegas Entertainment Systems Sdn. Bhd. and All Asia Media
Equities Limited with each holding 235,778,182 AMH Shares and 1,013,297,290 AMH Shares directly representing 4.53% and 19.47% equity interest in AMH respectively.
PanOcean holds 100% equity interest in Excorp which in turn holds 100% equity interest in PSIL. PSIL holds 99.999% equity interest in UTSB. PanOcean is the trustee of a discretionary
trust, the beneficiaries of which are members of the family of TAK and foundations, including those for charitable purposes.
TAK is also a major shareholder of AMH with a deemed interest over 2,133,139,626 AMH Shares representing 41% equity interest in AMH. In addition, TAK is a director of PanOcean, Excorp,
PSIL and UTSB. Although TAK and PanOcean are deemed to have an interest in the Shares and AMH Shares as described in the foregoing, they do not have any economic or beneficial
interest over such shares as such interest is held subject to the terms of such discretionary trust referred to the above.
Lim Ghee Keong (“LGK”) who is a Director, is also an alternate director in AMH. He is also a director of MMSSB, MBSB, MMSB, PSIL, Excorp and PanOcean. LGK has a direct equity interest
over 1,000,000 AMH Shares representing 0.02% equity interest in AMH. LGK does not have any equity interest in Maxis, MMSSB, MBSB, MMSB or AMH Group.
