Annual Report 2016
157
New RRPT
Estimated Value from the
date of the forthcoming
AGM to the next AGM *
No. Nature of Transaction Related Parties (RM’000)
1. Sale of surimi-based product by QL Lian Hoe Sdn. Bhd. 75
2. Sale of surimi-based/chilled/frozen product by QL Figo Foods 400
Sdn. Bhd.
3. Purchase of fresh fruit bunch by QLP 100
4. Sale of organic fertilizer by QL Farms Group 40
5. Sale of surimi and frozen fish by QL Marine Products Sdn. Bhd. Fusipim Sdn. Bhd. 1,000
Notes:
* The new estimated value is based on the Management’s estimate which takes into account the transacted amount for
the financial year ended 31 March 2016 as well as the changing economic and competitive environment. Announcement
will be made accordingly if the actual value exceeds the estimated value by 10% or more
Classes of Related Parties
The Proposed Renewal of and New RRPT Mandate will apply to the following Related Parties:
(i) Green Breeder Sdn. Bhd. is a company involved in livestock breeding. The directors are Dr Ng Siew Thiam (“Dr Ng”)
and his spouse, Chew Ching Kwang. The major shareholder (87.5%) is May Hoo Trading Sdn. Bhd., a company
owned by Dr Ng and his spouse. Dr Ng is a Director of QL Livestock Farming Sdn. Bhd. (“QLLF”) and QL
AgroResources Sdn. Bhd. (“QLAR”). Dr Ng and his spouse combined shareholding in QLAR is 5%. QLAR is 95%
owned by QL and the holding company of QLLF.
(ii) C-Care Enterprise Sdn. Bhd. (“C-Care”) is a retail shop. Mr Chia Soon Hooi and his spouse are directors and
shareholders of C-Care. Mr Chia Soon Hooi is the son of Mr Chia Teow Guan and the brother of Mr Chia Mak Hooi.
Mr Chia Teow Guan is a director of QL Foods Sdn. Bhd. (“QL Foods”) and member of the Chia Family whereas Mr
Chia Mak Hooi is a director and major shareholder of QL.
(iii) Fusipim Sdn. Bhd. (“Fusipim”) is a company involved in food processing and distribution. The directors and
shareholders of Fusipim are Madam Chia Kah Chuan and her spouse Mr Eng Seng Poo. Madam Chia Kah Chuan is
a member of the Chia Family.
(iv) Mr Cheah Joo Kiang had established a sole proprietorship under the name Cheah Joo Kiang Enterprise, which is
engaged in the trading of fish ball. Mr Cheah Joo Kiang is the son of Mr Cheah Yaw Song and the brother of Mr Cheah
Juw Teck. Mr Cheah Yaw Song and Mr Cheah Juw Teck are directors of QL Foods and shareholders of QL.
(v) Sin Teow Fatt Trading Co. is a partnership involved in fish wholesale and it is owned by Mr Chia Teow Guan, Mr Chia
Song Pou, Mr Cheah Yaw Song and Mr Chia Song Phuan, who are also directors of QL Foods and members of the
Chia Family.
(vi) Keang Huat Trading Sdn. Bhd. (“KH”) is a trading company of all kinds of hardware, marine engines and fishing
equipment. Mr Lim Kwan Cheang @ Lim Kwan Cheng, Mr Sim Chin Swee and Mr Chua Lee Guan are directors and
substantial shareholders of KH. KH is a major shareholder (10.88%) of QL Endau Marine Products Sdn. Bhd.
(“QLEMP”). Mr Sim Chin Swee is also a director of Endau Group and shareholder of QLEMP. QLEMP is 70.59%
owned by QL.
(vii) Perikanan Sri Tanjung Sdn. Bhd. (“PST”) is into deep sea fishing, diesel and transportation services. Mr Lim Kwan
Cheang @ Lim Kwan Cheng, Mr Sim Chin Swee, Mr Heng Hup Peng, Mr Heng Chai Khoon, Mr Chua Lee Guan, Mr
Loh Yoo Ming and Mr Heng Seng See are major shareholders of PST. They are also shareholders of QLEMP holding
13.35% in total. Mr Sim Chin Swee and Mr Heng Hup Peng are directors of PST and Endau Group.
Recurrent Related Party Transactions
of Revenue or Trading Nature of QL Resources Berhad Group (Cont’d.)
Riclee Food Trading
}
}
Total Icon Sdn. Bhd.
