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INTERESTED PERSON TRANSACTIONS AND CONFLICTS OF INTERESTS
Pursuant to the Fourth Schedule of the Securities and Futures (Offers of Investments) (Shares and
Debentures) Regulations 2005, the term “Interested Person”, in relation to any entity, includes: (a) a director
or an equivalent person of the entity; (b) the chief executive officer or equivalent person of the entity; (c) where
the entity is a corporation, a controlling shareholder of the entity; and (d) an Associate of any of the persons
described in (a), (b) or (c).
Save as disclosed below and in the section “Our Restructuring and Corporate Structure” of this document,
no Director, Controlling Shareholder or their respective associates was or is interested in any transaction
entered into by us which is material in the context of the Offering for the last three financial years ended
31 December 2007 and for the period from 1 January 2008 to the Latest Practicable Date (the “Period under
Review”).
The following persons are Interested Persons with whom we have entered into past or ongoing
transactions or expect to enter into future transactions. References to percentage of ownership in the table
below are as of the Latest Practicable Date, unless otherwise noted.
Interested Person Relationship With Us
Brizill International. ........... Brizill International Limited, an investment holding company, wholly
owned by Yaw Chee Siew.
Eurebon .................... Eurebon Shipping Pte. Ltd., a company which has been dormant since
December 2005, previously in the principal business of freight
forwarding, is 40.0% owned by Yaw Chee Siew. The directors of
Eurebon are Yaw Chee Siew and Lee Kok Wah, both of whom are also
Directors of our Company.
Pantai Bayu ................. Pantai Bayu Indah Sdn Bhd, a 51.0% subsidiary of Samling Strategic (as
defined below), which is in the principal business of construction.
PT Batamec ................. PTBatamec, an Indonesian company which is a 95.2% subsidiary of our
Company. Prior to completion of the Second Batamec Restructuring, PT
Batamec was 44.2% owned by Brizill International and hence was
deemed to be an Associate of Yaw Chee Siew by virtue of the fact that
Brizill International is wholly-owned by him, notwithstanding the fact
that it was also a subsidiary of our Company as our Company exercised
control over it.
Pursuant to the Second Batamec Restructuring and Third Batamec
Restructuring, Brizill International sold all of its shares in PT Batamec to
our Company, and accordingly, PT Batamec ceased to be an Associate of
Yaw Chee Siew and an Interested Person vis-à-vis us on 26 March 2008.
See “Our Restructuring and Corporate Structure — Increase in
Shareholding and Transfer of Shares in PT Batamec (the “Batamec
Restructuring”)”.
Richman Singapore. ........... Richman Investment Pte. Ltd., an investment holding company, wholly
owned by Yaw Chee Siew.
Rimalco .................... Rimalco Sdn. Bhd., an indirect 40.0% owned associated company of
Samling Global, is in the principal business of manufacture and sale of
sawn timber. Samling Global is listed on the Hong Kong Stock Exchange
and which is majority-owned by the Yaw Family.
Samling International .......... Samling International Limited, an investment holding company, wholly
owned by Yaw Teck Seng and Yaw Chee Ming, the father and brother
respectively of Yaw Chee Siew.
Samling Singapore ............ Samling Singapore Private Limited, a wholly owned subsidiary of
Samling International, is in the principal business of trading spare parts
and components.
Samling Strategic ............. Samling Strategic Corporation Sdn. Bhd., an investment holding
company, wholly owned by Yaw Holding Sdn. Bhd., which is wholly
owned by the Yaw Family.
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