QL Resources Berhad (428915-X)
158
Recurrent Related Party Transactions
of Revenue or Trading Nature of QL Resources Berhad Group (Cont’d)
(viii) Timurikan Trengganu Marine Products Sdn. Bhd. (“TTMP”) is a company engage in the business as marine products
manufacturing, trading of edible fishes, frozen fishes and other aquatic animals. 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 TTMP. They are also shareholders of QLEMP holding 13.35% in total. Mr
Sim Chin Swee and Mr Heng Hup Peng are directors of TTMP and Endau Group.
(ix) Success Portfolio Sdn. Bhd. (“SP”) is a company engaged in livestock farming which Dr Ng has interest. Dr Ng is a
director and shareholder of QLAR, a 95% owned subsidiary of QL and the holding company of QLLF. SP is 75%
owned by Ruby Technique Sdn. Bhd. (“RT”) which in turn is 77.67% and 22.33% owned by CBG Holdings Sdn. Bhd.
(“CBG”) and Farsathy Holdings Sdn. Bhd. (“Farsathy”) respectively. CBG and Farsathy are the major shareholders
of QL.
(x) M.B. Agriculture (Sabah) Sdn. Bhd. is engaged in livestock farming and is wholly-owned by RT which in turn is 77.67%
and 22.33% owned by CBG and Farsathy respectively. CBG and Farsathy are the major shareholders of QL.
(xi) M.B. Agriculture (Sandakan) Sdn. Bhd. (“MB (Sandakan)”) is engaged in livestock farming and is 90% owned by RT
which in turn is 77.67% and 22.33% owned by CBG and Farsathy respectively. CBG and Farsathy are the major
shareholders of QL. Mr Liu Sin is a director and shareholder of MB (Sandakan) as well as director of QL Farms Group
and a shareholder of QL.
(xii) Arena Dijaya Sdn. Bhd. (“Arena”) is engaged in livestock farming and is 90% owned by RT which in turn is 77.67%
and 22.33% owned by CBG and Farsathy respectively. CBG and Farsathy are the major shareholders of QL. Mr Liu
Sin is a director and shareholder of Arena as well as director of QL Farms Group and a shareholder of QL.
(xiii) E Koon Plastics Trading (“E Koon”) is a sole proprietorship engaged in wholesale of household utensils and cutlery,
crockery, glassware, chinaware and pottery, wholesale of other construction materials, hardware, plumbing and
heating equipment and supplies N.E.C., retail sale of construction materials, hardware, paints and glass, wholesale
of plastic materials in primary forms. E Koon is owned by Ms Eng Siew Yong. She is the daughter-in-law and sister-
in-law of Mr Cheah Yaw Song and Mr Cheah Juw Teck respectively, who are directors of QL Foods and QL Fishmeal
Sdn. Bhd. as well as shareholders of QL. Mr Chia Song Kun and Mr Chia Song Kang are brothers of Mr Cheah Yaw
Song, i.e. part of the Chia Family.
(xiv) Highglobal Properties Sdn. Bhd. (“HP”) is an investment holding company and an associate of MB (Sandakan), of
which Farsathy is the ultimate holding company. Mr Chia Seong Fatt is the director of QL Plantation Sdn. Bhd. (“QLP”),
HP and Farsathy. He has deemed interest in HP by virtue of his beneficial interests in Farsathy.
(xv) Hai Hong Fishery Sdn. Bhd. (“HHF”) is engaged in trading in fish, all types of fishery and seafood products. Mr Heng
Hup Peng is a director and shareholder of HHF as well as a director and shareholder of QLEMP.
(xvi) Perikanan Hap Huat Sdn Bhd ("PHH") is engaged in manufacturing, wholesaler, trade of edible fishes and other
aquatic animal, post process of aquatic products and rendering of transportation services. Mr Heng Hup Peng and
Mr Sim Chin Swee are the directors and shareholders of PHH. They are also the directors and shareholders of QLEMP.
(xvii) Total Icon Sdn. Bhd. ("TI") is a company principally engaged in plantation business. Mr Chia Seong Fatt ("SFatt"),
Mr Chia Lik Khai ("LKhai") and Mr Chia Seong Pow ("SPow") are major shareholders of TI with a total shareholding
of 40% in TI. SFatt and LKhai are directors of QLP. SFatt and SPow are brothers and they are also directors and
major shareholders of the Company.
(xviii) Riclee Food Trading is a sole proprietorship which is engaged in food supply and owned by Mr Lee Heng Chin. He is
the son of Mr Lee Hung Hoi @ Lee Teck Wee, a director of QL Lian Hoe Sdn. Bhd., QL Figo Foods Sdn. Bhd. and QL
Figo (Johor) Sdn. Bhd.
