OVERSEA ENTERPRISE BERHAD - ChartNexus

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.
If you are in any doubt as to the course of action to take, you should consult your stockbroker, solicitor, accountant, bank
manager or other professional advisers immediately.
This circular has been reviewed and approved by OSK Investment Bank Berhad, the Sponsor of Oversea Enterprise
Berhad.
Bursa Malaysia Securities Berhad has not perused this Circular prior to its issuance, takes no responsibility for the
contents of this Circular, makes no representation as to its accuracy or completeness and expressly disclaims any
liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of
this Circular.
OVERSEA ENTERPRISE BERHAD
(Company No. 317155-U)
(Incorporated in Malaysia under the Companies Act, 1965)
CIRCULAR TO SHAREHOLDERS
IN RELATION TO THE
PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED
PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
The ordinary resolution in respect of the above proposal will be tabled as Special Business at the Seventeenth (17 th ) Annual
General Meeting ("AGM") of Oversea Enterprise Berhad to be held at Restoran Oversea Bandar Baru Sri Petaling, No. 62-
66, Jalan 1/149D, Bandar Baru Sri Petaling, 57000 Kuala Lumpur on Wednesday, 5 September 2012 at 10:00 a.m. The
Notice of the Seventeenth (17 th ) AGM together with the Form of Proxy are set out in the 2012 Annual Report (as defined
herein), which has been despatched together with this Circular.
A member entitled to attend and vote at the AGM is entitled to appoint a proxy or proxies to attend and to vote on his
behalf. In such event, the Form of Proxy should be lodged at the registered office of the Company at Lot 13, Jalan Utarid
U5/16, Seksyen U5, Kawasan Perindustrian "Mah Sing Integrated", 40150 Shah Alam, Selangor Darul Ehsan, not less than
forty-eight (48) hours before the time stipulated for holding the AGM. The lodging of the Form of Proxy does not preclude
you from attending and voting in person at the AGM, should you subsequently wish to do so.
Last date and time for lodging the Form of Proxy ……………………………. : Monday, 3 September 2012 at 10.00 a.m.
Date and time of the Seventeenth (17 th ) AGM ………...……………………... : Wednesday, 5 September 2012 at 10.00 a.m.
This Circular is dated 9 August 2012

DEFINITIONS
Except where the context otherwise requires, the following definitions shall apply throughout this
Circular:-
COMPANIES WITHIN THE GROUP
"Company" or
"Oversea"
: Oversea Enterprise Berhad (317155-U)
"Grand Ocean" : Grand Ocean Restaurant Pte. Ltd. (201014664-N), a company
incorporated in Singapore and a wholly-owned subsidiary of Oversea
JV
"Haewaytian Cake
House"
"Haewaytian Food
Industries"
"Haewaytian
Restaurant"
: Haewaytian Cake House Sdn Bhd (207619-T)
: Haewaytian Food Industries Sdn Bhd (424776-P)
: Haewaytian Restaurant Sdn Bhd (85886-A)
"Haewaytian Trading" : Haewaytian Trading Sdn Bhd (433227-K)
"Ipoh Group" : Ipoh Group Limited, a company incorporated in Hong Kong Special
Administrative Region and a wholly-owned subsidiary of Oversea JV
"Oversea BBSP" : Restoran Oversea (Bandar Baru Sri Petaling) Sdn Bhd (152605-H)
"Oversea
Confectioneries"
: Restoran Oversea Confectioneries Sdn Bhd (727154-M)
"Oversea Dian Xin" : Restoran Oversea Dian Xin (Sri Petaling) Sdn Bhd (439479-U)
"Oversea Holdings" : Restoran Oversea Holdings Sdn Bhd (309259-X)
"Oversea Imbi" : Restoran Oversea (Imbi) Sdn Bhd (103814-W)
"Oversea Jaya 1" : Restoran Oversea (Jaya 1) Sdn Bhd (450188-U)
"Oversea JV" : Restoran Oversea JV (Singapore) Sdn Bhd (906990-M)
"Oversea PJ" : Restoran Oversea (P.J.) Sdn Bhd (207643-U)
"Oversea Subang
Parade"
"Tenshou
International"
: Restoran Oversea (Subang Parade) Sdn Bhd (433850-A)
: Tenshou International Sdn Bhd (442181-H)
"Tsim Tung" : Restoran Tsim Tung Sdn Bhd (673332-U)
"Tunas Citarasa" : Tunas Citarasa Sdn Bhd (977146-U), a joint-venture company of
Oversea JV
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DEFINITIONS (CONT'D)
GENERAL
"2012 Annual Report" : Annual report of Oversea for the FPE 31 March 2012
"Act" : The Companies Act, 1965
"AGM" : Annual General Meeting
"Board" : The Board of Directors of Oversea
"Bursa Securities" : Bursa Malaysia Securities Berhad (635998-W)
"Cergas Damai" : Cergas Damai (M) Sdn Bhd (200350-X)
"Circular" : This circular to the shareholders of Oversea dated 9 August 2012
"Director(s)" : Shall have the meaning given in Section 2(1) of the Capital Markets and
Services Act 2007 and includes any person who is or was within the
preceding six (6) months of the date on which the terms of the RRPT
were agreed upon, a Director of the Company or any other company
which is its subsidiary or holding company or a chief executive officer of
the Company, its subsidiary or holding company
"FPE" : Financial period ended/ending, as the case may be
"Great Idea" : Great Idea Sdn Bhd (184178-T)
"Group" or "Oversea
Group"
: Oversea and its subsidiary companies
"KYK" : Khong Yik Kam, a Director of the Company and the brother-in-law of
YSC and LPY
"Listing Requirements" : The ACE Market Listing Requirements of Bursa Securities
"LPD" : 26 July 2012, being the latest practicable date prior to the printing of
this Circular
"LPY" : Lee Pek Yoke, a Director of the Company, spouse of YSC, sibling of
LSP and sister-in-law of KYK
"LSP" : Lee Seng Pun, the beneficiary of Lee Lim's estate, is the sibling of LPY
"Major Shareholder" : A person who has an interest or interests in one or more voting shares
in the Company and the nominal amount of that share, or the aggregate
of the nominal amounts of those shares, is :-
i. equal to or more than ten percent (10%) of the aggregate of the
nominal amounts of all the voting shares in the Company; or
ii. equal to or more than five percent (5%) of the aggregate of the
nominal amounts of all the voting shares in the Company where
such person is the largest shareholder of the Company.
ii

DEFINITIONS (CONT'D)
For the purpose of this definition, "interest in shares" shall have the
meaning given in Section 6A of the Act and a major shareholder
includes any person who is or was within the preceding six (6) months
of the date on which the terms of the RRPT(s) were agreed upon, a
major shareholder of the Company or any other company which is its
subsidiary or holding company
"Maximum Bonus" : Maximum Bonus Sdn Bhd (349918-M)
"Oversea Shares" or
"Shares"
: Ordinary shares of RM0.20 each in Oversea
"Person Connected" : In relation to a Director or a Major Shareholder, means such person
who falls under any one of the following categories:-
"Proposed Renewal of
Shareholders'
Mandate"
i. a family member of the Director or Major Shareholder;
ii. a trustee of a trust (other than a trustee for a share scheme for
employees or pension scheme) under which the Director, Major
Shareholder or a family member of the Director or Major
Shareholder, is the sole beneficiary;
iii. a partner of the Director, Major Shareholder or a partner of a
Person Connected with that Director or Major Shareholder;
iv. a person who is accustomed or under an obligation, whether
formal or informal, to act in accordance with the directions,
instructions or wishes of the Director or Major Shareholder;
v. a person in accordance with whose directions, instructions or
wishes the Director or Major Shareholder is accustomed or is
under an obligation, whether formal or informal, to act;
vi. a body corporate or its Directors which/who is/are accustomed
or under an obligation, whether formal or informal, to act in
accordance with the directions, instructions or wishes of the
Director or Major Shareholder;
vii. a body corporate or its Directors whose directions, instructions
or wishes the Director or Major Shareholder is accustomed or
under an obligation, whether formal or informal, to act;
viii. a body corporate in which the Director, Major Shareholder or
Persons Connected with him are entitled to exercise, or control
the exercise of, not less than fifteen percent (15%) of the votes
attached to voting shares in the body corporate; or
ix. a body corporate which is a related corporation.
: Proposed renewal of shareholders' mandate for the RRPT(s) to be
entered into from the date of the forthcoming Seventeenth (17 th ) AGM
to the next AGM
"Related Party(ies)" : A Director, a Major Shareholder or a Person Connected with such
Director or Major Shareholder
iii

DEFINITIONS (CONT'D)
"RRPT(s)" : A related party transaction which is recurrent, of a revenue or trading
nature and which is necessary for day-to-day operations of Oversea
Group
"RM" and "sen" : Ringgit Malaysia and sen respectively
"Rurng Juang Realty" : Rurng Juang Realty Sdn Bhd (247822-V)
"YSC" : Yu Soo Chye @ Yee Soo Chye, a Director and Major Shareholder of
the Company, spouse of LPY and brother-in-law of LSP and KYK
"YTT" : Yu Tack Tein, the child of both YSC and LPY
Words incorporating the singular shall, where applicable, include the plural and vice versa and words
incorporating the masculine gender shall, where applicable, include the feminine and neuter genders
and vice versa. Reference to persons shall include corporations, unless otherwise specified.
Any reference in this Circular to any enactment is a reference to that enactment as for the time being
amended or re-enacted. Any reference to a time of day in this Circular shall be a reference to
Malaysian time, unless otherwise specified.
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iv

TABLE OF CONTENTS
LETTER TO THE SHAREHOLDERS OF OVERSEA IN RELATION TO THE
PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE CONTAINING:-
1. INTRODUCTION
2. DETAILS OF THE PROPOSED RENEWAL OF SHAREHOLDERS'
MANDATE
3. RATIONALE AND BENEFITS FOR THE PROPOSED RENEWAL OF
SHAREHOLDERS' MANDATE
4. EFFECTS OF THE PROPOSED RENEWAL OF SHAREHOLDERS'
MANDATE
5. APPROVALS REQUIRED
6. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/ OR
PERSONS CONNECTED TO THEM
7. DIRECTORS' RECOMMENDATION
8. AGM
9. FURTHER INFORMATION
APPENDIX
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I FURTHER INFORMATION 10
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Board of Directors
OVERSEA ENTERPRISE BERHAD
(Company No. 317155-U)
(Incorporated in Malaysia under the Companies Act, 1965)
Yu Soo Chye @ Yee Soo Chye (Chairman, Group Managing Director)
Lee Pek Yoke (Executive Director)
Khong Yik Kam (Executive Director)
Lee Seng Fan (Executive Director)
Koong Lin Loong (Independent Non-Executive Director)
Chiam Soon Hock (Independent Non-Executive Director)
Yau Ming Teck (Independent Non-Executive Director)
Yu Tack Tein (Alternate Director to Lee Pek Yoke)
To: The Shareholders of Oversea Enterprise Berhad
Dear Sir/ Madam,
1
Registered Office
Lot 13, Jalan Utarid U5/16, Seksyen U5
Kawasan Perindustrian "Mah Sing Integrated"
40150 Shah Alam, Selangor Darul Ehsan
9 August 2012
PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY
TRANSACTIONS OF A REVENUE OR TRADING NATURE
1. INTRODUCTION
At the AGM of the Company held on 30 June 2011, the Company had obtained the
shareholders' mandate for the Group to enter into certain RRPT(s) based on terms set out in
the circular to shareholders dated 3 June 2011. The said shareholders' mandate shall, in
accordance with the Listing Requirements, lapse at the conclusion of the forthcoming AGM,
which will be held on 5 September 2012, unless approval for the renewal of the shareholders'
mandate is obtained from the shareholders of Oversea at the forthcoming AGM.
Accordingly, the Board had on 17 April 2012 announced that the Company proposes to seek
the approval of the shareholders for the Proposed Renewal of Shareholders' Mandate in
compliance with Rule 10.09 of the Listing Requirements.
The purpose of this circular is to provide the shareholders of Oversea with the relevant
information on the Proposed Renewal of Shareholders' Mandate as well as to seek the
approval from the shareholders of Oversea for the ordinary resolution pertaining to the
Proposed Renewal of Shareholders' Mandate to be tabled at the forthcoming AGM of the
Company. The notice of the forthcoming AGM and the form of proxy are enclosed in the 2012
Annual Report, which has been despatched together with this Circular.

SHAREHOLDERS OF OVERSEA ARE ADVISED TO READ AND CAREFULLY CONSIDER
THE CONTENTS OF THIS CIRCULAR TOGETHER WITH THE APPENDIX CONTAINED
HEREIN BEFORE VOTING ON THE ORDINARY RESOLUTION PERTAINING TO THE
PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE TO BE TABLED AT THE
FORTHCOMING AGM.
2. DETAILS OF THE PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE
Pursuant to Rule 10.09(2) of the Listing Requirements, the Company is required to seek its
shareholders' mandate, with regards to RRPT(s), subject to the following:-
i. the transactions are in the ordinary course of business and are on terms not more
favorable to the Related Party than those generally available to the public;
ii. the shareholders' mandate is subject to annual renewal and disclosure is made in the
annual report of the aggregate value of transactions conducted pursuant to the
shareholders' mandate during the financial year where:-
(a) the consideration, value of the assets, capital outlay or costs of the RRPT(s)
is RM1 million or more; or
(b) the percentage ratio of such RRPT(s) is one percent (1%) or more;
whichever is the lower;
iii. a circular to the shareholders for the mandate includes the information as may be
prescribed by Bursa Securities;
iv. in a meeting to obtain shareholders' mandate, the interested director, interested major
shareholder or interested person connected with a director or major shareholder, and
where it involves the interest of an interested person connected with a director or
major shareholder, such director or major shareholder, must not vote on the
resolution approving the transactions. An interested director or interested major
shareholder must ensure that persons connected with him abstain from voting on the
resolution approving the transactions; and
v. immediate announcement to Bursa Securities when the actual value of a RRPT
entered into by Oversea, exceeds the estimated value of the RRPT disclosed in the
circular by ten percent (10%) or more.
In the ordinary course of business, the Group will enter into RRPT(s), the particulars of which
are set out in Section 2.2 of this Circular.
Accordingly, the Board proposes to seek the renewal of shareholders' mandate for the
RRPT(s) to be entered into by the Group from the date of the forthcoming AGM until the next
AGM.
Such transactions will be made on terms which are not more favourable to the Related Party
than those generally available to the public and are not to the detriment of the minority
shareholders of Oversea.
The Proposed Renewal of Shareholders' Mandate, if approved by the shareholders of
Oversea at the forthcoming AGM, is subject to annual renewal. In this respect, any authority
conferred by the Proposed Renewal of Shareholders' Mandate will take effect from the date of
the said AGM until:-
i. the conclusion of the next AGM of Oversea following the forthcoming AGM at which
the Proposed Renewal of Shareholders' Mandate is passed, at which time it will
lapse, unless the authority is renewed by a resolution passed at the next AGM;
2

ii. the expiration of the period within which the next AGM is required to be held pursuant
to Section 143(1) of the Act (but shall not extend to such extension as may be
allowed pursuant to Section 143(2) of the Act); or
iii. revoked or varied by resolution passed by the shareholders in a general meeting
before the next AGM;
whichever is earlier.
2.1 Principal activities of the Oversea Group
The Company is principally an investment holding company. The principal activities of
the subsidiary companies of Oversea are as follows:-
Effective equity
interest Principal activities
Subsidiary companies of Oversea (%)
Haewaytian Cake House 100.0 Manufacturing of moon cakes
Haewaytian Food Industries 100.0 Marketing of moon cakes and
baked products
Haewaytian Restaurant 100.0 Operation of restaurant
Haewaytian Trading 100.0 Procurement of raw materials
for food services outlet
Oversea BBSP 100.0 Operation of restaurant
Oversea Confectioneries 100.0 Manufacturing of moon cakes
Oversea Dian Xin 100.0 Operation of "dim sum" outlet
Oversea Holdings 100.0 Owner of trademarks
Oversea Imbi 100.0 Operation of restaurant
Oversea Jaya 1 100.0 Operation of restaurant
Oversea JV 100.0 Investment holding
Oversea PJ 100.0 Operation of restaurant
Oversea Subang Parade 100.0 Operation of restaurant
Tenshou International 100.0 Trading of food products
Tsim Tung 100.0 Operation of café
Subsidiary companies of Oversea JV
Grand Ocean 100.0 Operation of restaurant
Ipoh Group 100.0 Operation of restaurant and
café
Tunas Citarasa 51.0 Operation of restaurant and
café
3

2.2 Details of the RRPT(s) under the Proposed Renewal of Shareholders' Mandate
No.
Transacting
party
Nature of
relationship
1. Great Idea YSC, LPY and
LSP are directors
and shareholders
of Great Idea while
YTT is a director
of Great Idea.
2. Cergas
Damai
3. Maximum
Bonus
4. Rurng
Juang
Realty
YSC, LPY and
LSP are directors
and shareholders
of Cergas Damai.
YSC, LPY and
LSP are directors
and shareholders
of Maximum
Bonus.
KYK, a director
and shareholder of
Rurng Juang
Realty.
Transacting
party within the
Group Nature of transaction
Oversea Imbi Rental paid by Oversea
Imbi to Great Idea for
restaurant usage, store
and office purposes.
Haewaytian
Cake House
Rental received by
Haewaytian Cake House
for use of office space.
Oversea Imbi Rental paid by Oversea
Imbi to Cergas Damai for
parking space.
Haewaytian
Cake House
Rental received by
Haewaytian Cake House
for use of office space.
Oversea BBSP Rental paid by Oversea
BBSP to Maximum Bonus
for restaurant usage, store
and office purposes.
Oversea BBSP Rental paid by Oversea
BBSP for restaurant
usage.
4
Existing mandate
Estimated value
as disclosed in
preceding year's
circular dated
3 June 2011
Actual value
transacted
since last AGM
up to the LPD*
Proposed Renewal
of Shareholders'
Mandate
Estimated
aggregate value to
be incurred from
Seventeenth (17 th )
AGM to the next
AGM
RM RM RM
571,200 618,800 571,200
1,200 1,300 1,200
120,000 130,000 120,000
600 650 600
198,000 214,500 198,000
80,400 87,100 80,400

No.
Transacting
party
Nature of
relationship
5. YSC Director and major
shareholder of
Oversea.
Note:-
Transacting
party within the
Group Nature of transaction
Oversea Dian
Xin
Rental paid by Oversea
Dian Xin for restaurant
usage.
5
Existing mandate
Estimated value
as disclosed in
preceding year's
circular dated
3 June 2011
Actual value
transacted
since last AGM
up to the LPD*
Proposed Renewal
of Shareholders'
Mandate
Estimated
aggregate value to
be incurred from
Seventeenth (17 th )
AGM to the next
AGM
RM RM RM
99,600 107,900 99,600
The estimated values as disclosed in the preceding year's circular dated 3 June 2011 were for a period of twelve (12) months up to the latest practicable date of 16 May 2011.
The actual transacted values as disclosed were for a period of thirteen (13) months up to the LPD. Therefore, the actual transacted values differ from the estimated values as
stated in the preceding year's circular.
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2.3 Sum(s) due and owing to Oversea by Related Party(ies)
There were no material outstanding amounts due under the RRPT which exceeded
the credit terms as at the FPE 31 March 2012.
2.4 Review procedures for RRPT(s)
The Group has established various procedures to ensure that the RRPT(s) are
undertaken at arm's length basis on transacted prices and on normal commercial
terms that are consistent with the Group's usual business practices and policies,
which are not on prices and terms that are more favourable to the Related Party than
those extended to the public and are not to the detriment of Oversea's minority
shareholders.
The review procedures established by the Group for the RRPT(s) are as follows:-
i. The identity of the Related Party is disclosed/ circulated within the Group and
at the same time, the Related Party is notified that all RRPT(s) are required
to be taken on arm's length basis and on normal commercial terms not more
favourable to the Related Party than those generally available to the public;
ii. All RRPT(s) to be entered into will be reviewed by the Audit Committee at
every quarter and subsequently reported to the Board to ensure that the
transactions are not more favourable to the Related Party and will not be
detrimental to the minority shareholders;
iii. Records will be maintained by the Company to capture all RRPT(s) which are
entered into pursuant to the shareholders' mandate;
iv. The transaction prices are determined by the prevailing market rates/ prices
that are agreed upon under similar commercial terms for transactions with
third parties, business practices and policies and on terms which are
generally in line with industry norms;
v. The Board and the Audit Committee shall review the internal audit reports to
ascertain that the guidelines and procedures established to monitor the
RRPT(s) have been complied with and review shall be done at every quarter
with the review of quarterly results; and
vi. The Board and the Audit Committee will have overall responsibility for the
determination of the review procedures, including addition of new review
procedures, as and when necessary. The Board and the Audit Committee
may also appoint individuals and committees to examine the RRPT(s), as
they deem appropriate. If a member of the Board or the Audit Committee has
an interest, direct or indirect, in any particular transactions, he or she will
abstain from any deliberation and voting on the matter at the Board or Audit
Committee meetings in respect of such transactions.
At least two (2) other contemporaneous transactions with unrelated third parties for
similar products/ services, and/ or quantities will be used as comparison, wherever
possible, to determine whether the price and terms offered to/ by the Related Parties
are fair and reasonable and comparable to those offered to/ by other unrelated third
parties for the same/ substantially similar type of products/ services and/ or quantities.
Where quotation or comparative pricing from unrelated third parties cannot be
obtained, the price shall be based on the most recent transacted prices in the
previous months' transactions. Furthermore, the Board and the Audit Committee shall
rely on market knowledge, applicable industry norms and prevailing commercial rates
to ensure that the RRPT(s) is not detrimental to the Group.
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The guidelines for the relevant approving authority practiced by the Group in relation
to RRPT(s) are as follows:-
i. Transactions below RM100,000 each in value will be reviewed and approved
by Directors or such other senior executive(s) (not being a person connected
to the Related Party) designated by the Audit Committee from time to time for
such purpose, and tabled for review by the Audit Committee on a quarterly
basis;
ii. Transactions equal to or exceeding RM100,000 each in value will be
reviewed and approved by the Audit Committee; and
iii. The Audit Committee may, as deemed fit, request for additional information
pertaining to the transaction under review from independent sources or
advisers, including the obtaining of valuations from independent professional
valuers.
2.5 Statement by Audit Committee
The Audit Committee is satisfied that the review procedures for RRPT(s) are
sufficient and appropriate to ensure that such RRPT(s) will be undertaken at arm's
length and are on normal commercial terms consistent with the industry norms not
more favourable to the Related Party than those generally available to the public and
that such terms will not be detrimental to the interests of the minority shareholders of
Oversea or disadvantageous to the Group.
The Group has in place adequate procedures and processes to monitor, track and
identify the RRPT(s) in a timely and orderly manner. The Audit Committee reviews
these procedures and processes on a yearly basis.
If during its periodic reviews, the Audit Committee is of the view that such procedures
and processes are no longer appropriate or adequate to monitor, track and identify
RRPT(s), the Audit Committee will draw it to the attention of the Board and, if
necessary, the Company will establish new guidelines and procedures.
3. RATIONALE AND BENEFITS FOR THE PROPOSED RENEWAL OF SHAREHOLDERS'
MANDATE
The Proposed Renewal of Shareholders' Mandate will benefit the Company by facilitating
entry by members of the Group into transactions with the Related Party specified in Section
2.2 above in the ordinary course of the Group's business on commercial terms, in a timely
manner and will enable the Group to continue to carry out RRPT(s) necessary for the Group's
day-to-day operations and enhance the Group's ability to pursue business opportunities which
are time-sensitive in nature in a more expeditious manner.
The Proposed Renewal of Shareholders' Mandate will eliminate the need to announce and
convene separate general meetings of the Company from time to time to seek shareholders'
approval on each occasion pursuant to the requirements of Rule 10.09(2) of the Listing
Requirements, as and when potential transactions with the specified classes of Related Party
arise. This will also substantially reduce expenses associated with the convening of such
meetings on an ad hoc basis, improve administrative efficiency and allow human resources
and time to be channeled towards attaining other corporate objectives and opportunities.
The restaurants had been operating at these vicinities for at least seven (7) years and had
built a loyal client base around the vicinity. Thus the renewal of the tenancy with Related
Parties will ensure continuity of business operations at those locations.
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4. EFFECTS OF THE PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE
The Proposed Renewal of Shareholders' Mandate is administrative in nature and is therefore
not expected to have any effect on the issued and paid-up share capital, substantial
shareholdings, earnings, gearing and net assets of the Company.
5. APPROVALS REQUIRED
The Proposed Renewal of Shareholders' Mandate is subject to the approval of the
shareholders of Oversea at the AGM to be convened.
6. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/ OR PERSONS
CONNECTED TO THEM
Save as disclosed below, none of the directors and/ or major shareholders and/ or persons
connected to them have any interest, whether direct or indirect, in the Proposed Renewal of
Shareholders' Mandate:-
Interested Directors/
Major Shareholders
No. of Shares % No. of Shares %
YSC *1 82,644,270 33.73 - -
LPY *1 20,355,593 8.31 - -
KYK *2 9,756,338 3.98 750,000 *3 0.31
Person Connected
LSP *1 500,000 0.20 66,826,292 *4 27.28
Notes:-
*1
*2
*3
*4
Deemed interested by virtue of their directorship and shareholdings in Great Idea, Cergas Damai and
Maximum Bonus.
Deemed interested by virtue of his directorship and shareholdings in Rurng Juang Realty.
Deemed interested by virtue of his substantial shareholdings and directorship in Rurng Juang Realty
pursuant to Section 6A of the Act as well as his spouse and children's shareholdings in Oversea pursuant
to Section 134(12)(c) of the Act.
Deemed interested by virtue of his substantial shareholdings in Lee Lim & Sons Sdn Bhd as well as the
shareholdings of his family members in Oversea pursuant to Section 6A of the Act.
Accordingly, YSC, LPY and KYK (collectively referred to as the "Interested Directors/ Major
Shareholders") have abstained and will continue to abstain from all board deliberations on the
resolution pertaining to the Proposed Renewal of Shareholders' Mandate. The Interested
Directors/ Major Shareholders will abstain from voting in respect of their direct and indirect
interests in the Company on the resolution pertaining to the Proposed Renewal of
Shareholders' Mandate at the forthcoming AGM. The said Interested Directors/ Major
Shareholders have undertaken to ensure that persons connected to them will abstain from
voting in respect of their direct and indirect interests in the Company on the resolution
pertaining to the Proposed Renewal of Shareholders' Mandate at the forthcoming AGM.
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7. DIRECTORS' RECOMMENDATION
8. AGM
The Board (save for the Interested Directors), having considered all aspects of the Proposed
Renewal of Shareholders' Mandate is of the opinion that the Proposed Renewal of
Shareholders' Mandate is in the best interest of the Company.
Accordingly, the Board (save for the Interested Directors) recommends that the shareholders
of Oversea vote in favour of the resolution pertaining to the Proposed Renewal of
Shareholders' Mandate to be tabled at the forthcoming AGM.
The AGM, the notice of which is enclosed in the 2012 Annual Report, which has been
despatched together with this Circular, will be held at Restoran Oversea Bandar Baru Sri
Petaling, No. 62-66, Jalan 1/149D, Bandar Baru Sri Petaling, 57000 Kuala Lumpur on
Wednesday, 5 September 2012 at 10:00 a.m., for the purpose of considering and, if thought
fit, passing the ordinary resolution to give effect to the Proposed Renewal of Shareholders'
Mandate.
A Form of Proxy for the forthcoming AGM is enclosed in the 2012 Annual Report, which has
been despatched together with this Circular. If you are unable to attend and vote in person at
the AGM, you are requested to complete and return the Form of Proxy in accordance with the
instructions printed thereon to the Company's Registered Office at Lot 13, Jalan Utarid U5/16,
Seksyen U5, Kawasan Perindustrian "Mah Sing Integrated", 40150 Shah Alam, Selangor
Darul Ehsan not less than forty-eight (48) hours before the time fixed for holding the AGM.
The lodging of the Form of Proxy will not preclude you from attending and voting in person at
the AGM should you subsequently wish to do so.
9. FURTHER INFORMATION
Shareholders are advised to refer to the enclosed appendix for further information.
Yours faithfully
For and on behalf of the Board
OVERSEA ENTERPRISE BERHAD
LEE SENG FAN
Executive Director
9

FURTHER INFORMATION
1. DIRECTORS' RESPONSIBILITY STATEMENT
10
APPENDIX I
This Circular has been seen and approved by the Board who collectively and individually
accept full responsibility for the accuracy of the information given and confirm that, after
making all reasonable enquiries and to the best of their knowledge and belief, there are no
other facts, the omission of which would make any statement herein false or misleading.
2. MATERIAL CONTRACTS
Save as disclosed below, as at LPD, neither the Company nor any of its subsidiaries have
entered into any material contracts (not being contracts entered into in the ordinary course of
business) within two (2) years immediately preceding the date of this Circular:-
i. On 21 October 2010, Oversea JV had acquired the entire share capital of Grand
Ocean comprising of two (2) ordinary shares of S$1.00 each from Mr. Nicholas Lim
Wee Kwan for a cash consideration of S$2.00. On even date, Grand Ocean
increased its issued and paid-up share capital from S$2.00 to S$100,000 through the
allotment of 99,998 ordinary shares of S$1.00 each at par to Oversea JV for a cash
consideration of S$99,998;
ii. On 24 January 2011, Oversea Imbi entered into a sale and purchase agreement with
Yayasan Dazhi to dispose off four (4) units of two-storey shop offices, all situated in
Kuchai Business Park, Off Jalan Klang Lama, 58200 Kuala Lumpur for a total cash
consideration of RM5,650,000. The consideration had been received in full on 2
March 2012, and as such, had been deemed completed on even date; and
iii. On 18 May 2012, the Board had announced that Oversea JV, a wholly-owned
subsidiary of Oversea had on even date entered into a joint venture cum
shareholders agreement with Regal Effect Sdn Bhd and Tunas Citarasa to
collaborate and jointly participate in the management and operations of a café known
as the Otak-Otak Place.
3. MATERIAL LITIGATION, CLAIMS OR ARBITRATION
As at the date of this Circular, neither the Company nor any of its subsidiaries are engaged in
any material litigation, claims or arbitration, either as plaintiff or defendant, and the Board is
not aware and do not have any knowledge of any proceedings pending or threatened against
the Company and/ or its subsidiaries or of any fact likely to give rise to any proceeding which
might materially or adversely affect the financial position or business of the Company and/ or
its subsidiaries.
4. DOCUMENTS FOR INSPECTION
Copies of the following documents are available for inspection at the registered office of the
Company at Lot 13, Jalan Utarid U5/16, Seksyen U5, Kawasan Perindustrian "Mah Sing
Integrated", 40150 Shah Alam, Selangor Darul Ehsan during normal business hours (except
public holidays) from the date of this Circular up to and including the date of the AGM:-
i. Memorandum and Articles of Association of the Company;
ii. The audited consolidated financial statements of Oversea for the financial year ended
31 December 2010 and the fifteen (15) months FPE 31 March 2012; and
iii. The material contracts referred to in Section 2 above.