FORGING AHEAD - Tradewinds Plantation Berhad

74
CORPORATE GOVERNANCE
ADDITIONAL COMPLIANCE
INFORMATION
13. Disclosure of Recurrent Related Party Transactions of a Revenue or Trading Nature (RRPT)
The RRPT entered into by the Group during the financial year ended 31 December 2010 are disclosed as follows:-
NATURE OF TRANSACTIONS RELATED PARTIES NATURE OF RELATIONSHIP
WITH THE GROUP AND
COMPANY
PROVISION OF PLANTATION
MANAGEMENT AND ADVISORY
SERVICES
Plantation manager and agent
Tradewinds Agro Services
Sdn Bhd
SALE OF FRESH FRUIT BUNCHES
Vendor
Amalan Pelita Pasai Sdn Bhd
PROCUREMENT OF
TRANSPORTATION SERVICES
Purchaser
Ladang Petri Tenggara Sdn Bhd
PROCUREMENT OF
MANAGEMENT AND ADVISORY
SERVICES
Purchaser
Tradewinds Plantation Berhad
TRADEWINDS PLANTATION BERHAD
Annual Report 2010
Plantation owner
Retus Plantation Sdn Bhd
(“Retus”)
Purchaser
Retus
Vendor
JP Logistics Sdn Bhd (“JPL”)
Vendor
Tradewinds (M) Berhad
(“TWM”)
Retus is a 60% subsidiary of
TWM.
JPL is a 100% owned subsidiary
of Johor Port Berhad which is
a company related to Tan Sri
Dato’ Seri Syed Mokhtar,
pursuant to Section 6A of the
Companies Act, 1965.
TWM is a major shareholder
and the holding company of
the Company.
AGGREGATE VALUE
OF THE
TRANSACTIONS FOR
THE YEAR ENDED
31 DECEMBER 2010
(RM’000)
2,660
7,114
341
1,200