154
PETRA FOODS LIMITED
ANNUAL REPORT 2015
AP P END I X ( S HAR EHOLDE R S ’ MANDAT E )
2.
THE RENEWAL OF THE SHAREHOLDERS’ MANDATE FOR INTERESTED PERSON TRANSACTIONS
(continued)
2.2
Scope of Interested Person Transactions
(continued)
(c)
Transactions with PT Freyabadi Indotama
(continued)
(ii)
Purchase of products from PT Freyabadi Indotama
The Company’s subsidiaries, PT Nirwana Lestari, PT Perusahaan Industri Ceres and associated
company, PT Ceres Meiji Indotama, have been undertaking the purchase of chocolate coating and
plastic packaging products
from PT Freyabadi Indotama. The value of the Company’s purchases
from PT Freyabadi Indotama for the period from 1 January 2015 up to the Latest Practicable Date
are as set out below:-
For the period from 1 January 2015
up to the Latest Practicable Date
Purchases from PT Freyabadi Indotama (US$’000)
15,567
These transactions were entered into on a willing buyer and willing seller basis. The purchase
of chocolate coating and plastic packaging products from PT Freyabadi Indotama is a recurrent
interested person transaction. The Company intends to continue purchasing such products from
PT Freyabadi Indotama.
(d)
Transactions with PT Sederhana Djaja
By virtue of their aggregate interest in 100.0% of the shareholding in Berlian Enterprises Limited, the
Executive Directors, Mr John Chuang, Mr Joseph Chuang and Mr William Chuang are deemed to be
interested in 99.9% of the issued share capital of PT Sederhana Djaja held by McKeeson Investments Pte
Ltd. Accordingly, transactions between the Group and PT Sederhana Djaja are deemed to be interested
person transactions.
PT Sederhana Djaja is an investment holding company. The Group has entered into various lease
agreements with PT Sederhana Djaja in relation to the properties described below. Please refer to
“Appendix B - Properties and Fixed Assets” in the Company’s Prospectus dated 28 October 2004 for
more details.
Name of property
Land area
(sq m)
Present annual
rental (Rp)
US$
Four Seasons Apartment Jakarta, Indonesia
200
420,000,000 35,398
(1)
Notes:
(1) The conversion of Indonesian Rupiah into US Dollars is based on the weighted average exchange rate of Rp11,865 per US Dollar
as at the Latest Practicable Date.
The total annual rental paid by the Group to PT Sederhana Djaja for the period from 1 January 2015 up
to the Latest Practicable Date are as set out below:-
For the period from 1 January 2015
up to the Latest Practicable Date
Total annual rental paid to PT Sederhana Djaja (US$’000)
31,472
These transactions were entered into on a willing buyer and willing seller basis. The Company intends to
continue with the lease of these properties from PT Sederhana Djaja.
