2019 UEM Edgenta Annual Report

284 285 UEM EDGENTA AT A GLANCE MESSAGE FROM OUR LEADERSHIP STRATEGIC FOCUS OPERATIONAL REVIEW SUSTAINABILITY EFFORTS CORPORATE GOVERNANCE INTRODUCTION FINANCIAL REVIEW ADDITIONAL INFORMATION UEM Edgenta Berhad Annual Report 2019 Recurrent Related Party Transactions Recurrent Related Party Transactions Item Company in UEM Edgenta Group involved Transacting Party Nature of relationship as at the LPD Nature of transaction Value incurred from 1 January 2019 to 14 May 2019 RM’000 Value incurred from 15 May 2019 to 31 December 2019 RM’000 Aggregate Value of Transactions during the Financial Year RM’000 41 Edgenta EMT UEMG Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. Edgenta EMT is a wholly- owned subsidiary of UEM Edgenta, which in turn is a 69.14% subsidiary of UEMG. Soil investigation project for Paroi-Senawang-KLIA- Salak Tinggi (SKLIA) project for UEMG. - - - 42 Edgenta EMT CIMA Group Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. Edgenta EMT is a wholly- owned subsidiary of UEM Edgenta, which in turn is a 69.14% subsidiary of UEMG. CIMA is a wholly-owned subsidiary of UEMG. Proposed soil investigation works, instrumentation, material testing, environmental services and pavement works for CIMA Group of Companies by Edgenta EMT. - - - 43 OIM PT Lintas Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. OIM is a wholly-owned subsidiary of Opus, which in turn is a wholly-owned subsidiary of UEM Edgenta, which in turn is a 69.14% subsidiary of UEMG. PT Lintas is a 55% subsidiary of PEIB which in turn is a wholly-owned subsidiary of UEMG. Provision of maintenance management & technical services for highways and bridges at Cikampek Palimanan highway by OIM to PT Lintas. 443 797 1,240 44 OIM IHH Healthcare Group Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. OIM is a wholly-owned subsidiary of Opus, which in turn is a wholly-owned subsidiary of UEM Edgenta, which in turn is a 69.14% subsidiary of UEMG. IHH Healthcare is a 26.05% associated company of Pulau Memutik Ventures Sdn Bhd, which in turn is a wholly-owned subsidiary of Khazanah. To provide project management and engineering consultancy services for development of hospitals to IHH Healthcare. - - - 45 OIM MAHB Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. OIM is a wholly-owned subsidiary of Opus, which in turn is a wholly-owned subsidiary of UEM Edgenta, which in turn is a 69.14% subsidiary of UEMG. MAHB is a 33.21% associated company of Khazanah. To provide project management and engineering design consultancy services to Aeropolis and Staff Quarters project for MAHB. - - - Item Company in UEM Edgenta Group involved Transacting Party Nature of relationship as at the LPD Nature of transaction Value incurred from 1 January 2019 to 14 May 2019 RM’000 Value incurred from 15 May 2019 to 31 December 2019 RM’000 Aggregate Value of Transactions during the Financial Year RM’000 46 OIM Putrajaya Holdings Sdn Bhd (''Putrajaya Holdings'') Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. OIM is a wholly-owned subsidiary of Opus, which in turn is a wholly-owned subsidiary of UEM Edgenta, which in turn is a 69.14% subsidiary of UEMG. Putrajaya Holdings is a 15.59% associated company of Khazanah. To provide project management and engineering design consultancy for development of train transport system in Putrajaya to Putrajaya Holdings. - - - 47 UEMS Malaysia IMU Education Sdn Bhd Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. UEMS Malaysia is a wholly- owned subsidiary of UEMS, which in turn is a 97.46% subsidiary of Edgenta Singapore, which in turn is a wholly-owned subsidiary of UEM Edgenta, which in turn is a 69.14% subsidiary of UEMG. IMU Education Sdn Bhd is a wholly-owned subsidiary of IMU Health Sdn Bhd, which in turn is a wholly-owned subsidiary of IHH Healthcare, which in turn is a 26.05% associated company of Pulau Memutik Ventures Sdn Bhd, which in turn is a wholly-owned subsidiary of Khazanah. Provision of facilities maintenance services to IMU. 83 155 238 48 UEMS Malaysia Parkway Pantai Group Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. UEMS Malaysia is a wholly- owned subsidiary of UEMS, which in turn is a 97.46% subsidiary of Edgenta Singapore, which in turn is a wholly-owned subsidiary of UEM Edgenta, which in turn is a 69.14% subsidiary of UEMG. Parkway Pantai is a wholly-owned subsidiary of Integrated Healthcare Holdings Limited, which in turn is a wholly-owned subsidiary of IHH Healthcare, which in turn is a 26.05% associated company of Pulau Memutik Ventures Sdn Bhd, which in turn is a wholly-owned subsidiary of Khazanah. Provision of facilities maintenance services to Pantai Holdings Group at various Pantai hospitals. 2,886 5,902 8,788