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2.2 Related Parties
The Proposed Shareholders’ Mandate will apply to Recurrent Related Party Transactions
with the following Related Parties (with their principal activities and relationship with the
Company detailed below):
Related
Parties Principal Activities Relationship
GAPL Investment holding and
distribution of stout in Singapore
Major Shareholder of the Company
HEINEKEN
Group
Production and distribution of
beer and stout 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 22 March 2018 are shown in Section 7 below.
2.3 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.
The Group had entered into the following recurrent transactions with the HEINEKEN Group
for the period from 13 April 2017, the date of the 53rd AGM until 22 March 2018, as
detailed below and is now seeking a mandate from its shareholders to allow the Group to
enter into recurrent related party transactions with the HEINEKEN Group which shall
include, but not be limited to the following:
Nature of Transactions with the
HEINEKEN Group
Estimated aggregate
value as disclosed in
the Circular to
Shareholders dated
22 March 2017
(RM’000)
Actual value
transacted since
13 April 2017 till
22 March 2018
(RM’000)
Estimated
aggregate value
from 54th AGM
to the next AGM
(RM’000)
1. Purchase of beverage products,
manufacturing materials and
marketing materials from the
HEINEKEN Group
31,200 16,652 29,500
2. Fees paid / payable to the
HEINEKEN Group for
professional services which
include engineering and
technical, marketing and
advertising, procurement,
advisory support services
and other support services
13,800 9,957 14,700
3. Royalties paid / payable to
the HEINEKEN Group for
license to brew HEINEKEN
Group trademark-owned
beer
43,200 37,229 43,500