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PT Lestari became our subsidiary in December 2007 and this loan became an interested person
transaction. The aggregate amounts due from PT Lestari to Richman Singapore under this loan as at the end
of each of the last three financial years ended 31 December 2007 and as at the Latest Practicable Date are as
follows:
As at
31 December
2005
As at
31 December
2006
As at
31 December
2007
As at
31 May
2008
As at
the Latest
Practicable Date
(US$’000) (US$’000) (US$’000) (US$’000) (US$’000)
Amount outstanding ...... — — 509 — —
The largest aggregate outstanding amount, including interest, due from PT Lestari under the loan during
the Period Under Review was US$8.0 million.
The loan was repaid in full by PT Lestari to Richman Singapore on 28 May 2008.
Our Directors believe that the loan was entered into on an arm’s length basis.
We do not intend to enter into any future transactions of the above nature with Richman Singapore.
Corporate Guarantee Given by Our Company for the Benefit of Yaw Chee Chik and His Wife
In August 2006, our Company provided a corporate guarantee as security for a loan granted to Yaw Chee
Chik and his wife, Adeline Margaret Liew Siew Choo, by Hong Leong Finance for the purchase of a house.
The amount of the facilities guaranteed by our Company, the interest rate, the largest amount outstanding
during the Period Under Review and the amount outstanding as at the Latest Practicable Date are as follows:
Largest Amount
Outstanding
Amount of
Facilities
Guaranteed
Interest Rate Per
Annum
During the
Period Under
Review
Amount
Outstanding as at
the 31 May 2008
Amount Outstanding
as at the Latest
Practicable Date
(S$’000) (S$’000) (S$’000) (S$’000)
2,097 . . . 4.25% and 3.75% below Hong
Leong Finance’s variable home
rate for the first and second
years and 3.25% below the
said variable home rate after
second year
2,097 2,097 —
Our Directors believe that the above guarantee was not given on an arm’s length basis as our Company
received no benefit from the transaction. The above guarantee was fully discharged on 30 June 2008 and we
do not expect to enter into any future transactions of the above nature in connection with Yaw Chee Chik’s
obligations or otherwise.
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