Maxis Berhad
Annual Report 2014
202
Disclosure of
Recurrent Related Party Transactions
No.
Company
in the
Maxis Group
involved
Transacting Parties Nature of transaction
Value incurred
from 1 January
2014 to 6 May
2014
(RM’000)
Value incurred
from 7 May
2014 to 31
December 2014
(RM’000)
Aggregate value
of transactions
during the
financial year
(RM’000)
7. MMSSB ASTRO
Entertainment Sdn.
Bhd. (“AESB”)
Provision of services and contents to
MMSSB to provide premium SMS/WAP/
MMS content to Maxis subscribers
637
1,095
1,732
8. MBSB
MBNS, AHSB and/or
its affiliates
Provision of bandwidth solutions by MBSB
756
690
1,446
9. MBSB
MBNS
Strategic partnership on co-marketing
and sales of Maxis fibre services, wireless
services, broadband services and Astro
IPTV services and On-The-Go Services.
17,626
35,948
53,574
Aggregate value of Transactions with AHSB Group
34,688
62,339
97,027
Note:
Interested Related Parties
Major Shareholders
Usaha Tegas Sdn. Bhd. (“UTSB”), Pacific States Investment Limited (“PSIL”), Excorp Holdings N.V. (“Excorp”), PanOcean Management Limited (“PanOcean”), Ananda Krishnan Tatparanandam (“TAK”),
Tun Haji Mohammed Hanif bin Omar (“THO”), Dato’ Haji Badri bin Haji Masri (“Dato’ Badri”) and Mohamad Shahrin bin Merican (“MSM”)
Director
Augustus Ralph Marshall (“ARM”)
Nature of Relationship between Maxis Group and AHSB Group
AD5SB, MBNS, ARSB and AESB are wholly-owned subsidiaries of Astro Malaysia Holdings Berhad (“AMH”).
UTSB, PSIL, Excorp and PanOcean who are Major Shareholders with each having a deemed equity interest over 4,875,000,000 Shares representing 64.94% equity interest in Maxis (“Shares”) by virtue
of their respective deemed interest in Binariang GSM Sdn. Bhd. (“BGSM”) which holds 100% equity interest in Maxis Communications Berhad (“MCB”) which in turn holds 100% equity interest in BGSM
Management Sdn. Bhd. (“BGSM Management”). BGSM Management holds 100% equity interest in BGSM Equity Holdings Sdn. Bhd. (“BGSM Equity”) which in turn holds 64.94% equity interest in Maxis.
They are also major shareholders of AHSB with each having a deemed interest over 479,619,973 ordinary shares of RM0.10 each in AHSB (“AHSB Shares”) representing 34.01% equity interest in AHSB.
PanOcean holds 100% equity interest in Excorp which in turn holds 100% equity interest in PSIL. PSIL holds 99.999% equity interest in UTSB. PanOcean is the trustee of a discretionary trust, the
beneficiaries of which are members of the family of TAK and foundations, including those for charitable purposes.
TAK who is a Major Shareholder with a deemed interest over 4,875,000,000 Shares representing 64.94% equity interest in Maxis, is also a major shareholder of AHSB with a deemed interest over
819,082,908 AHSB Shares representing 58.08% equity interest in AHSB. In addition, TAK is also a director of PanOcean, Excorp, PSIL and UTSB. Although TAK and PanOcean are deemed to have
interests in the Shares and AHSB Shares, they do not have any economic or beneficial interest over such Shares as such interest is held subject to the terms of such discretionary trust.
ARM who is a Director, is also a director of Excorp, PSIL and an executive director of UTSB. He does not have any equity interest in UTSB, in Excorp or in PSIL. In addition, ARM is also a director and
group chief executive officer of AHSB, a director and non-executive deputy chairman of AMH as well as a director of MBNS, ARSB, AESB and other companies within the AHSB Group. ARM has a
direct equity interest over 750,000 Shares representing 0.01% equity interest in Maxis and 8,500,000 AMH Shares representing 0.16% equity interest in AMH. ARM does not have any equity interests
in MMSSB, MBSB nor in the AHSB Group.
THO, Dato’ Badri and MSM are Major Shareholders with each having a deemed interest over 4,875,000,000 Shares representing 64.94% equity interest in Maxis in which Harapan Nusantara Sdn. Bhd.
(“HNSB”) has an interest, by virtue of their respective 25% direct equity interest in HNSB. HNSB’s deemed interest in the Shares arises through its wholly-ownec subsidiaries. namely, Mujur Anggun Sdn.
Bhd., Cabaran Mujur Sdn. Bhd., Anak Samudra Sdn. Bhd., Dumai Maju Sdn. Bhd., Nusantara Makmur Sdn. Bhd., Usaha Kenanga Sdn. Bhd. and Tegas Sari Sdn. Bhd. (collectively, “HNSB Subsidiaries”),
which hold in aggregate 30% equity interest in BGSM.
The HNSB Subsidiaries hold their deemed interest in the Shares under discretionary trusts for Bumiputera objects. As such, they do not have any economic interest in such Shares as such interest is
held subject to the terms of such discretionary trusts.
THO, Dato’ Badri and MSM are major shareholders of AHSB with each having a deemed interest over 177,446,535 AHSB Shares representing 12.58% equity interest in AHSB Shares in which Harapan
Terus Sdn. Bhd. (“HTSB”) has an interest, by virtue of their respective 25% direct equity interest in HTSB. HTSB’s deemed interest in the AHSB Shares arises through its wholly-owned subsidiaries,
namely, Berkat Nusantara Sdn. Bhd., Nusantara Cempaka Sdn. Bhd., Nusantara Delima Sdn. Bhd., Mujur Nusantara Sdn. Bhd., Gerak Nusantara Sdn. Bhd. and Sanjung Nusantara Sdn. Bhd. (collectively,
“HTSB Subsidiaries”).
The HTSB Subsidiaries hold such AHSB Shares under discretionary trusts for Bumiputera objects. As such, they do not have any economic interest in such AHSB Shares as such interest is held subject
to the terms of such discretionary trusts.
Dato’ Badri who is a director of AHSB, is also a director of MBNS and several other subsidiaries of AHSB.
MSM has a direct equity interest over 11,000 Shares representing 0.00015% equity interest in Maxis.
Dato’ Mohamed Khadar bin Merican (“Dato’ Khadar”), a director of AMH, is a person connected to MSM.
