NEVER A DULL MOMENT - Maxis

MAXIS BERHAD ANNUAL REPORT 2009 | 191
ADDITIONAL DISCLOSURES (CONTINUED)
Consideration passing to or from the
Company or any other corporation in the
group
Mode of satisfaction of
consideration
Relationship between director or
major shareholder and contracting
party (if director or major shareholder
is not contracting party)
RM1 Consideration passing from MCB to MM
and in further consideration of MCB agreeing
that MCB will owe MM USD505.1 million.
Cash
MM is a wholly-owned subsidiary of the
Company and GCSHL is a wholly-owned
subsidiary of MCB which in turn is a major
shareholder of the Company
Please see Note 1 below for further details
on the relationship
Consideration of RM1 paid by MCB to MMS, and
in further consideration of MCB agreeing that
MCB will owe MMS USD50.0 million and any
amount drawn down (prior to a date as agreed in
the Deed of Novation) under the USD92.6 million
loan referred to in item 12 sub-paragraph (b) of
this table.
Cash
MMS is a wholly-owned subsidiary of the
Company and NTS is 44% jointly-controlled
entity of MCB held through ABV, a
wholly-owned subsidiary of MCB. MCB is a
major shareholder of the Company and
Saudi Telecom Company (“STC”), a major
shareholder of MCB and the Company
owns 51% interest in NTS, the interest of
which held through Teleglobal Investments
BV, a wholly-owned subsidiary of STC
(“TG”)
Please see Note 1 below for further details
on the relationship
Consideration of RM1 paid by MM to MCB, and
in further consideration of MM agreeing that MM
will owe MCB RM99.3 million.
Cash
MM and AWT are subsidiaries of the
Company and MCB is a major shareholder
of the Company
Please see Notes 1 and 2 below for further
details on the relationship
Undertaking by MCB to perform the terms of the
Deed Relating to the Provision of Guarantees.
Non-Cash
MMS is a wholly-owned subsidiary of the
Company and NTS is 44% jointly-controlled
entity of MCB held through ABV. MCB is a
major shareholder of the Company. STC, a
major shareholder of MCB and the
Company owns 51% interest in NTS held
through TG, a wholly-owned subsidiary of
STC.
Please see Note 1 below for further details
on the relationship