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- Nice Saga Sdn. Bhd. - Tong Yuan Enterprise Co.

(“NS”) (“TYE”)

- Thong Guan Plastic Industries (Kelantan) Sdn. Bhd.

(“TGPK”)

- Herh Fuah (Sabah) Sdn. Bhd. - T. G. Plastic Pack (Export) Sdn. Bhd. - Kimanis Food Industry Sdn. Bhd. - Komet Makmur Sdn. Bhd. - Kimanis Property Sdn. Bhd.

(“HFS”) (“TGPPEX”) (“KFI”) (“KM”) (“KP”)

27.

Related parties - Group/Company

27.1

For the purposes of these financial statements, parties are considered to be related to the Group or the Company if the Group or the Company has the ability, directly or indirectly, to control the party or exercise significant influence over the party in making financial and operating decisions, or vice versa, or where the Group or the Company and the party are subject to common control or common significant influence. Related parties may be individuals or other entities.

i)

Companies controlled by the Company - subsidiaries as disclosed in Note 5

ii)

Companies in which all Directors except Tengku Makram Bin Tengku Ariff, Dato’ Paduka Syed Mansor Bin Syed Kassim Barakbah and Mr. Lee Eng Sheng are deemed to have substantial financial interests :

  • iii)

    Key management personnel, Directors and persons connected with Directors of the Group :

    • -

      Ang Poon Khim

    • -

      Ang Poon Chuan

    • -

      Ang Poon Seong

    • -

      Ang See Ming

    • -

      Ang See Cheong

Key management personnel are defined as those persons having authority and responsibility for planning, directing and controlling the activities of the Group either directly or indirectly.The key management personnel include certain Directors of the Group.

    • -

      Ang Poon Chuan

    • -

      Ang See Ming

    • -

      Ang See Cheong

      • 27.2

        Related party transactions

      • 27.2.1

        Transactions with related companies :

Company

Dividend income (gross) receivable from :

TGP TGPIS

Purchases from :

TGP TGPM

Interest income from JUS

THONG GUAN INDUSTRIES BERHAD

61

-

3,560,000

9,707,773

-

iv)

Bounty Values Sdn Bhd (“BV”)

2007

2006

RM

RM

5,274,358

5,907,562

10,100

-

25,000

25,000

27.2.2

The Group’s transactions with companies in which certain Directors have substantial financial interests

2007

2006

RM

RM

i)

Sales to :

2,852,120

1,859,350

85,900

22,457

1,270,425

821,637

KFI NS HFS

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