UAC BERHAD - Bursa Malaysia

2.2 Shareholders’ Mandate
The principal activities of the Company are the manufacture and distribution of fibre cement building
boards, the fabrication, sales and installation of metal roofing and the sales and trading of
polyethylene pipes. The principal activities of the subsidiary companies are the manufacture,
distribution, sales and installation of steel roof truss systems and polyethylene pipes, sales of pipe
connectors and fittings, provision of onsite machining services and property holding.
The Shareholders’ Mandate applied to UAC, UAC Steel Systems Sdn Bhd (“UAC Steel”) and UAC
Pipes Sdn Bhd (“ UAC Pipes”).
UAC’s
Subsidiary
UAC Steel
UAC Pipes
% of shares
held
100 %
100 %
It is anticipated that the Group would, in the normal course of business, enter into transactions with
the classes of related parties which are disclosed in Section 2.3 below. It is likely that such
transactions will occur with some degree of frequency and could arise at any time and from time to
time.
In view of the time-sensitive, confidential and frequent nature of such recurrent related party
transactions, the Board of Directors is seeking shareholders’ mandate which would allow the Group,
in their normal course of business, to enter into recurrent related party transactions of a revenue or
trading nature with the classes of related parties set out in Section 2.3 below, provided such
transactions are made at arm’s length and on normal commercial terms and are on terms not more
favourable to the Related Parties than those generally available to the public and are not to the
detriment of the minority shareholders. Such recurrent related party transactions will be subjected to
the review procedures as set out in Section 2.5 below.
2.3 Classes of Related Parties
The proposed Shareholders’ Mandate will apply to the following Related Parties:
Boustead Holdings Berhad (“Boustead”)
Boustead is an investment holding company, which has 28,640,163 shares equivalent to 39.49%
equity interest in UAC.
SCB Developments Bhd (“SCB”)
Principal activities
Manufacture, sales and installation of steel roof truss systems
Manufacture, distribution, sales and installation of
polyethylene pipes
SCB is involved in property investments, rubber and oil palm plantations and is 60% owned by
Boustead.
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