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FORGING AHEAD - Tradewinds Plantation Berhad

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38. RELATED PARTY DISCLOSURES (continued)<br />

(a) Identities of related parties (continued)<br />

The Group has related party relationships with the following parties: (continued)<br />

(iv) Lahad Datu Edible Oils Sdn. Bhd. (‘LDEOSB’)<br />

LDEOSB is an associated company of PGEOGSB.<br />

(v) JP Logistics Sdn. Bhd. (‘JPLSB’)<br />

JPLSB is a wholly-owned subsidiary of Johor Port <strong>Berhad</strong> (‘JPB’). JPB is a wholly-owned subsidiary of MMC<br />

Corporation <strong>Berhad</strong> (‘MMCCB’) of which Seaport Terminal (Johore) Sdn. Bhd. (‘STJSB’) is a major shareholder<br />

holding 51.76% of the equity interest in MMCCB.<br />

Tan Sri Dato’ Seri Syed Mokhtar Shah bin Syed Nor is deemed a major shareholder of the Company by virtue of<br />

his direct and indirect equity interest in Restu Jernih Sdn. Bhd., Kelana Ventures Sdn. Bhd., Indra Cita Sdn. Bhd.<br />

and STJSB.<br />

Restu Jernih Sdn. Bhd. is deemed a major shareholder of the Company by virtue of its interest in Perspective Lane<br />

(M) Sdn. Bhd., who is a major shareholder of the holding company having direct shareholdings of 30.04%.<br />

Kelana Ventures Sdn. Bhd. is also a major shareholder of the holding company having direct shareholdings of<br />

8.86%.<br />

(vi) <strong>Tradewinds</strong> International Insurance Brokers Sdn. Bhd. (‘TIIBSB’)<br />

TIIBSB is a company in which a major shareholder of the holding company, Tan Sri Dato’ Seri Syed Mokhtar Shah<br />

bin Syed Nor, has indirect interest.<br />

(vii) Solar Green Sdn. Bhd. (‘SGSB’)<br />

SGSB is a wholly-owned subsidiary of Pride Palm Oil Mill Sdn. Bhd., a jointly controlled entity of the Company.<br />

(viii) Felda Marketing Services Sdn. Bhd. (‘FMSSB’) and Felda Agricultural Services Sdn. Bhd. (‘FASSB’)<br />

FMSSB and FASSB are subsidiaries of Felda Holdings <strong>Berhad</strong> (‘Felda Holdings’).<br />

FINANCIAL STATEMENTS<br />

Felda Global Ventures Holdings Sdn. Bhd., who is deemed as a major shareholder of the Company with effect<br />

from 6 January 2010, has 49% equity interest in Felda Holdings.<br />

TRADEWINDS PLANTATION BERHAD<br />

Annual Report 2010<br />

211

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