FORGING AHEAD - Tradewinds Plantation Berhad
FORGING AHEAD - Tradewinds Plantation Berhad
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