Annual Report 2012 - IOI Group

Notes:(1) Details of the transacting partiesName of Company Effective Equity (%) Principal ActivitiesMESB, a subsidiary of VCSB and a companyconnected to Tan Sri Dato’ Lee Shin ChengNot ApplicableProperty development, property investmentand investment holdingNFSB 92.32 Property development, property investmentand cultivation of oil palmPMSB 99.80 Property development, property investmentand investment holdingPPSB 100.00 Cultivation and producing palm oil products(2) VCSB, a wholly-owned subsidiary of PHSB, is a Major Shareholder of IOIand MESB and a deemed Major Shareholder of PMSB.(3) PHSB, the holding company of VCSB, is a deemed Major Shareholder ofIOI, MESB and PMSB.(4) Tan Sri Dato’ Lee Shin Cheng is the Executive Chairman/Director and adeemed Major Shareholder of IOI and MESB.(5) Puan Sri Datin Hoong May Kuan is a deemed Major Shareholder of IOIand MESB and person connected to Tan Sri Dato’ Lee Shin Cheng, Dato’Lee Yeow Chor and Lee Yeow Seng.(6) Dato’ Lee Yeow Chor is an Executive Director/Director and a deemedMajor Shareholder of IOI and MESB and person connected to Tan SriDato’ Lee Shin Cheng as he is the son of both Tan Sri Dato’ Lee ShinCheng and Puan Sri Datin Hoong May Kuan.(7) Lee Yeow Seng is an Executive Director of IOI and a Director of MESB anda deemed Major Shareholder of IOI and MESB and person connected toTan Sri Dato’ Lee Shin Cheng as he is the son of both Tan Sri Dato’ LeeShin Cheng and Puan Sri Datin Hoong May Kuan and the brother ofDato’ Lee Yeow Chor.(8) VCSB, a wholly-owned subsidiary of PHSB, is a Major Shareholder of IOIand a deemed Major Shareholder of NFSB and PPSB.(9) PHSB, the holding company of VCSB, is a deemed Major Shareholder ofIOI, NFSB and PPSB.(10) Tan Sri Dato’ Lee Shin Cheng is the Executive Chairman and a deemedMajor Shareholder of IOI. He is also a Director of PPSB.(11) Puan Sri Datin Hoong May Kuan is a deemed Major Shareholder of IOIand person connected to Tan Sri Dato’ Lee Shin Cheng, Dato’ Lee YeowChor and Lee Yeow Seng.(12) Dato’ Lee Yeow Chor is an Executive Director and a deemed MajorShareholder of IOI and person connected to Tan Sri Dato’ Lee ShinCheng as he is the son of both Tan Sri Dato’ Lee Shin Cheng and PuanSri Datin Hoong May Kuan. He has common directorships in both NFSBand PPSB.(13) Lee Yeow Seng is an Executive Director and a deemed MajorShareholder of IOI and person connected to Tan Sri Dato’ Lee ShinCheng as he is the son of both Tan Sri Dato’ Lee Shin Cheng and PuanSri Datin Hoong May Kuan and the brother of Dato’ Lee Yeow Chor. Heis also a Director of NFSB.• Notwithstanding the related party disclosure alreadypresented in the financial statements in accordance withFinancial Reporting Standards No. 124 (“FRS 124”), theabove disclosures are made in order to comply withParagraph 10.09 of the Main Market Listing Requirements ofBursa Malaysia Securities Berhad (“Listing Requirements”)with regard to the value of related party transactions of arevenue nature conducted pursuant to shareholders’mandate during the financial year, as the scope of relatedparty relationships and disclosure contemplated by theListing Requirements are, to certain extent, different fromthose of FRS 124.• The shareholdings of the respective interested Directors/Major shareholders and the effective equity interest of thetransacting parties as shown above are based on informationdisclosed in the Circular to Shareholders in relation to theProposed Renewal Shareholders’ Mandate for RecurrentRelated Party Transactions of A Revenue or Trading Naturedated 30 September 2011.PENALTIESThere were no sanctions and/or penalties imposed on theCompany and its subsidiaries, Directors or management by therelevant regulatory bodies during the financial year ended 30 June2012, which have material impact on the operations or financialposition of the Group.100IOI CORPORATION BERHADAnnual Report 2012