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| Pursuant to Paragraph 10.08(1) of the Listing Requirements of Bursa Malaysia Securities Berhad (in relation to any accumulated percentage ratios of related party transactions exceeding 0.25%), we wish to announce that the following related parties of PacificMas, have purchased units of Pacific Cash Fund, a money market fund managed by Pacific Mutual:- |
Date of Transaction |
Name of Related Party |
Value (RM) |
Price/Published Net Assets Value per unit (RM)
|
| 26 October 2007 |
Malaysian Trustees Berhad |
900,000.00 |
0.5041 |
| 4 January 2008 |
United Malacca Berhad |
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| Pacific Mutual is a 85%-owned subsidiary of PacificMas and its principal business activities are establishment and management of unit trust funds. |
| Malaysian Trustees Berhad ("MTB") is an associate company of PacificMas and is principally engaged in the business of trustee agent, executor and administrator pursuant to the Trust Companies Act, 1949. The principal business activities of United Malacca Berhad ("UMB") are cultivation of oil palm and investment holding. |
| None of the directors and substantial shareholders of PacificMas and persons connected to such directors and substantial shareholders has any interest in the abovesaid transactions save for the following:- |
| i) UMB, a substantial shareholder of PacificMas, has a direct interest of 20% in MTB. |
| ii) Oversea-Chinese Banking Corporation Limited ("OCBC"), a substantial shareholder of PacificMas, has an indirect interest of 20% in MTB via its wholly-owned subsidiary, OCBC Bank (Malaysia) Berhad. |
| iii) Mr. Wong Nang Jang is a director of PacificMas and OCBC. He has a total interest of 0.02% in OCBC and does not have any equity interest in PacificMas. |
| iv) Mr. Choi Siew Hong is a director of PacificMas, Pacific Mutual, MTB and UMB. He has a total interest of 0.12% in PacificMas and a total interest of 0.18% in UMB. He does not have any equity interest in Pacific Mutual and MTB. |
| v) Y. Bhg. Datuk Fong Weng Phak is a director of Pacific Mutual and UMB. He does not have any equity interest in Pacific Mutual and UMB. |
| vi) Mr. Ng Hon Soon is the Chief Executive Officer of PacificMas and a director of MTB. He has an indirect interest of 0.003% in PacificMas. He does not have any equity interest in MTB and UMB. |
| The aforesaid transactions are not subject to the approval of the shareholders of PacificMas and the relevant government authorities. |
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| This announcement is dated 7 January 2008 . |
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