perspective perspective - ChartNexus

2. MATERIAL CONTRACTS (cont’d)
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(xiii) Sale and purchase agreement dated 28 April 2005 between SSTwo and Ahmad Zaki bin Zahid for sale of a
condominium for a cash consideration of RM647,072. Ahmad Zaki bin Zahid is a director of MRCB.
(xiv) Sale and purchase agreement dated 29 April 2005 between SSTwo and Datuk Nur Jazlan bin Tan Sri Mohamed for
sale of a condominium for a cash consideration of RM639,072. Datuk Nur Jazlan bin Tan Sri Mohamed is a director
of the Company.
(xv) Sale and purchase agreement dated 2 June 2005 between SSTwo and Dr Choo Kian Koon for sale of a condominium
for a cash consideration of RM398,522. Dr Choo Kian Koon was a former director of SSTwo and the Company.
(xvi) Sale and purchase agreements dated 13 June 2005 and 11 August 2005 between SSTwo and Chan Chee Meng for sale
of two condominiums for a total cash consideration of RM702,528. Chan Chee Meng is a director of SSTwo.
(xvii) Sale and purchase agreement dated 27 July 2005 between SSTwo and Datuk Zahari bin Omar for sale of a
condominium for a cash consideration of RM432,461. Datuk Zahari bin Omar is a director of MRCB.
(xviii) Joint venture agreement dated 18 January 2006 between the Company, Bolton Berhad ("Bolton"), Acegoal Pte Ltd
("Acegoal") and Alpine Return Sdn Bhd ("ARSB") to govern ARSB, the joint-venture company for the proposed
condominium development project on a piece of land located along Jalan Mayang, Kuala Lumpur. Pursuant to the
said agreement, the issued and paid-up capital of ARSB shall be increased to RM40,000,000 and will be subscribed
by the Company, Bolton and Acegoal in the proportion of 35%, 35% and 30% respectively. Acegoal is an indirect
wholly-owned subsidiary of CapitaLand Limited which in turn is a major shareholder of the Company.
3. NON-AUDIT FEES
Non-audit fees paid to external auditors for the financial year ended 31 December 2005 amounted to RM79,420.
4. RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
At an extraordinary general meeting held on 28 June 2005, the Company had obtained shareholders' mandate to allow the
Company and/or its subsidiaries to enter into recurrent related party transactions of a revenue or trading nature. Pursuant
to Paragraph 10.09(1)(b) of the Bursa Securities Listing Requirements, the details of the recurrent related party transactions
conducted during the current financial year are disclosed as follows:
Mandated Related Parties Nature of Transactions Value
RM
Interested Parties
Bangi Heights Development Provision of 1,920,000 Interested Major Shareholder
Sdn Bhd management services • CapitaLand Limited
Interested Directors
• Lui Chong Chee
• Soong Hee Sang
Interested Former Directors
• Tham Kui Seng
• Dr Choo Kian Koon
• Rita Lau Chen Chen
UNITED MALAYAN LAND BHD