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Name of
Related
Parties
Principal Activities
Relationship
F&N Group Production and sale of
soft drinks, dairy products,
development
of
and
investment in property; and
printing and publishing
F&N is deemed a major
shareholder of the Company by
virtue of its direct and indirect
interests in APB, which in turn
holds 50% of the shares of
GAPL. GAPL is a 50:50 joint
venture company of APB
and Diageo, and holds 51%
shareholding interest in GAB as
at 10 October 2012. F&N and
Heineken International entered
into a conditional agreement
dated 18 August 2012 (the “S&P
Agreement”) for F&N to sell
its entire (direct and indirect)
stake in APB to Heineken
International. As at 10 October
2012, F&N has obtained its
shareholders’ approval to the
aforesaid sale, which is pending
completion on fulfillment of all
conditions precedent as set out
in the S&P Agreement.
APB Group Production and distribution
of beer and stout
worldwide
APB is deemed a Major
Shareholder of the Company by
virtue of its direct shareholding
in GAPL
Heineken
Group
Production and distribution
of beer worldwide
Heineken is deemed a Major
Shareholder of the Company by
virtue of its indirect shareholding
in GAPL
The direct and indirect interests of interested Directors and/or Major Shareholders
in the Company as at 10 October 2012 are shown in Section 6 below.
2.1.3 Nature of Recurrent Related Party Transactions
The Group and the Company are principally engaged in the production, packaging,
marketing and distribution of beverages, primarily alcoholic.
It is envisaged that in the ordinary course of business of the Group, transactions of
a revenue or trading nature between the Group and the Related Parties are likely
to occur with some degree of frequency which are necessary for our day-to-day
operations.
All estimated values of the respective Recurrent Related Party Transactions from
the date of the forthcoming AGM to the next AGM are estimated based on the
past transactions entered into by the Group and the Related Parties as well as
estimates made based on management’s projected sales / businesses, orders and
agreements. The actual value of these transactions may vary from the estimated
value disclosed below.