Wah Seong Corporation Berhad Annual Report 2019

188 WAH SEONG CORPORATION BERHAD SUMMARY OF SIGNIFICANT RECURRENT RELATED PARTY TRANSACTIONS A. Transactions of A Revenue or Trading in Nature Interested Related Party Provider of Products/ Services Recipient of Products/ Services Actual Value Transacted for the Financial Year Ended 31 December 2019 Nature of Transaction Dato’ Seri Robert Tan Chung Meng; Pauline Tan Suat Ming; Tony Tan Choon Keat; Tan Chin Nam Sendirian Berhad; Tan Kim Yeow Sendirian Berhad; Wah Seong (Malaya) Trading Co. Sdn. Bhd. IGB Berhad Group of Companies Wasco Management Services Sdn. Bhd. RM1,126,543.00 Rental of premise and related facilities Dato’ Seri Robert Tan Chung Meng is the Group Chief Executive Officer and Director of IGB Berhad Group. He is also a Director of Wah Seong Corporation Berhad Group. He is a common indirect Major Shareholder of Wah Seong Corporation Berhad and IGB Berhad. His total direct and indirect shareholdings in Wah Seong Corporation Berhad are 1.53% and 40.30% respectively. His total direct and indirect shareholdings in IGB Berhad are 0.23% and 28.57% respectively. Pauline Tan Suat Ming is a common indirect Major Shareholder of Wah Seong Corporation Berhad and IGB Berhad. Her indirect shareholding in Wah Seong Corporation Berhad is 40.58%. Her total direct and indirect shareholdings in IGB Berhad are 0.05% and 28.57% respectively. Tony Tan Choon Keat is a common indirect Major Shareholder of Wah Seong Corporation Berhad and IGB Berhad. His indirect shareholding in Wah Seong Corporation Berhad is 40.30%. His indirect shareholding in IGB Berhad is 28.57%. Tony Tan Choon Keat is the father of Tan Jian Hong, Aaron, a Director of Wah Seong Corporation Berhad. Tan Chin Nam Sendirian Berhad, Tan Kim Yeow Sendirian Berhad and Wah Seong (Malaya) Trading Co. Sdn. Bhd. are common Major Shareholders of Wah Seong Corporation Berhad and IGB Berhad. Tan Chin Nam Sendirian Berhad’s total direct and indirect shareholdings in Wah Seong Corporation Berhad are 0.04% and 33.33% respectively. Tan Kim Yeow Sendirian Berhad’s total direct and indirect shareholdings in Wah Seong Corporation Berhad are 6.98% and 33.33% respectively. Wah Seong (Malaya) Trading Co. Sdn. Bhd.’s total direct and indirect shareholdings in Wah Seong Corporation Berhad are 32.98% and 0.34% respectively. Tan Chin Nam Sendirian Berhad’s total direct and indirect shareholdings in IGB Berhad are 23.81% and 20.19% respectively. Tan Kim Yeow Sendirian Berhad’s total direct and indirect shareholdings in IGB Berhad are 9.75% and 18.82% respectively. Wah Seong (Malaya) Trading Co. Sdn. Bhd.’s total direct and indirect shareholdings in IGB Berhad are 15.17% and 3.65% respectively.