NEVER A DULL MOMENT - Maxis

MAXIS BERHAD ANNUAL REPORT 2009 | 181
DISCLOSure OF Recurrent related party transactions (CONTINUED)
The HTSB Subsidiaries collectively hold 9.12% direct
equity interest in ASTRO under discretionary trusts for
Bumiputera objects. As such, THO, Dato’ Badri and MSM
do not have any economic interest over these ASTRO
Shares held by the HTSB Subsidiaries as such interest is
held subject to the terms of the discretionary trusts for
Bumiputera objects. Further, as THO, Dato’ Badri and
MSM do not exercise or control the exercise of at least
15% of the votes attached to the voting shares in ASTRO,
they are not deemed to have an interest in the shares of
DFSB, MBNS, AMP, AESB, Maestro and KASB.
Dato’ Badri is also deemed to have an interest over
500,000 ASTRO Shares representing 0.03% of the issued
and paid-up share capital in ASTRO held by Ratna Pelangi
Sdn Bhd (“RPSB”), by virtue of his 99% direct equity
interest in RPSB. In addition, Dato’ Badri who is the
Chairman and a director of ASTRO, is also a director of
MBNS, KASB and several other subsidiaries of ASTRO.
MSM has a direct equity interest over 11,000 Shares
representing 0.0001% of the issued and paid-up share
capital in Maxis and also a direct equity interest over
166,600 ASTRO Shares representing 0.01% of the issued
and paid-up share capital in ASTRO. Please refer to Note
4 for MSM’s interests in the UTSB Group.
Dato’ Mohamed Khadar bin Merican (“Dato’ Khadar”), a
director of ASTRO is a person connected to MSM. Dato’
Khadar has a direct equity interest over 250,000 ASTRO
Shares representing 0.01% of the share capital in ASTRO
held through a nominee.
(2) TCCPM
TCCPM is a wholly-owned subsidiary of Tanjong Public
Limited Company (“Tanjong”).
UTSB is also a major shareholder of Tanjong with equity
interests over 124,688,000 shares of 7.5 pence each
representing 30.92% of the issued and paid-up share
capital in Tanjong.
PSIL, Excorp and PanOcean are also major shareholders of
Tanjong with each having an indirect interest of 30.92%
in Tanjong.
TAK is also a major shareholder of Tanjong with deemed
equity interest of 30.92% in Tanjong. Although TAK and
PanOcean have deemed interest in the Tanjong shares,
they do not have any economic or beneficial interest over
such shares, as such interest is held subject to the terms
of a discretionary trust.
UTSB, PSIL, Excorp, PanOcean and TAK each has a
deemed equity interest of 100% in TCCPM by virtue of
their deemed interest in Tanjong shares as set out above.
Please refer to Note 1 above for interests in Maxis of
UTSB, PSIL, Excorp, PanOcean and TAK.
CCB who is a Director, is also an executive director of
UTSB and a director of a subsidiary of Tanjong, MMSSB,
MBSB, MMSB and certain subsidiaries of Maxis. ARM is
an executive director of Tanjong and has a direct equity
interest over 520,000 Tanjong shares representing 0.13%
of the issued and paid-up share capital in Tanjong. ARM
and CCB do not have any equity interest in UTSB and
TCCPM. Please refer to Note 1 above for ARM’s interests
in Maxis.
CCB has a direct equity interest over 750,000 Shares
representing 0.01% of the share capital in Maxis. CCB
does not have any equity interest in Tanjong.
Asgari who is a Director with a direct equity interest over
750,000 Shares representing 0.01% of the issued and
paid-up share capital in Maxis, has a deemed interest over
6,406,000 Tanjong shares representing 1.59% of the
issued and paid-up share capital in Tanjong.
MSM also has a deemed interest over 8,596,000 Tanjong
shares representing 2.13% of the issued and paid-up
share capital in Tanjong. Please refer to Note 1 above for
details of MSM’s interests in Maxis.
(3) MSS
TAK is also a major shareholder of MEASAT Global Berhad
(“MGB”) with a deemed equity interest over 232,233,703
ordinary shares of RM0.78 each representing 59.56% of
the issued and paid-up share capital in MGB and hence
of MSS. MSS is a wholly-owned subsidiary of MGB.
Please refer to Note 1 above for details of TAK’s interests
in Maxis.
THO is also a director of MSS. Please refer to Note 1
above for details of THO’s interests in Maxis. THO does
not have any equity interest in the shares of MGB or in
MSS.
ARM and CCB are also directors of MGB and MSS. ARM
and CCB do not have any equity interest in the shares of
MGB or MSS. Please refer to Notes 1 and 2 above for
ARM’s and CCB’s interests in Maxis respectively.