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Background Information of Amalgamated Telecom Holdings Limited (ATH) Incorporation On March 10th, 1998, Amalgamated Telecom Holdings Limited was listed on the South Pacific Stock Exchange (then known as the Suva Stock Exchange), with compliance to the Companies Act 1983. It later commenced its operations on 16th December 1998 when the government allowed Fiji National Provided Fund (FNPF) to become a strategic shareholder in the company by entering a Sale and Purchase Agreement. ATH sold 49% of its issued shares to FNPF in November of 1998 as a proposal [ CITATION ATH06 \l 1033 ]. Shareholder History As mentioned, in late 1998 FNPF become a shareholder buy purchasing 49% of the shares in ATH. In 1999, FNPF acquired another 2% of the shares in the company followed by another 9.70% shares in January 2002 through a Private Placement between the Government and six other Financial Institutions, one of which being FNPF. In addition, another 4.7% of the shares were sold to around 1000 investors via a Public Offering later on in March 2002. Currently, FNPF is the largest shareholder of the shares in ATH owning 58.20% of the shares in the company, followed by the government which owns 34.60% and another 7.2% owned by other investors namely other institutional investors such as; Fijian Holdings Limited, Lomaiviti Provincial Council, Unit Trust of Fiji (Trustee Company) Limited, Yasana Holdings Limited iTaukei Trust Fund, FHL Trustees Limited, Banaban Trust Board, Colonial Fiji Life Limited, Dominion Insurance Limited, JP Bayly Trust, Nakuruvakarua Company Limited, Naitasiri and Rewa Provincial Council [ CITATION ATH06 \l 1033 ]. Subsidiaries ATH is the parent company of seven subsidiary companies. It owns 100% of the shares in Telecom Fiji Limited and Fiji International Telecommunications Limited (FINTEL). It currently owns 51% of the shares in Vodafone Fiji Limited. In 2015, ATH considerably assimilated all the assets of Telecommunications Services Kiribati Limited (TSKL) and incorporated a new company, Amalgamated Telecom Holdings (Kiribati) Limited (ATHKL) to provide

telecommunication services in Kiribati. In 2017, ATH achieved another milestone by acquiring a 100% of the shares in Telecom Vanuatu Limited [ CITATION ATH17 \l 1033 ]. Services The main motive behind establishment of ATH is to solidify and deal with Government's interests in the telecommunications area as a feature its public sector reform programme in 1998. ATH provides major telecommunication services in Fiji such as landline and mobile telephone services and carries out major upgrades in these industries. It also provides the general public with major internet services and basic ICT surveillance services through its subsidiaries namely through Vodafone Fiji Limited and Telecom Holdings Limited. Similarly, other major services include; business communication solutions, directory services, call center services and international call services, via Fiji International Telecommunications Limited (FINTEL) [ CITATION ATH06 \l 1033 ]. Background Information of Atlantic & Pacific Packaging Company Limited (APP) Atlantic & Pacific Packaging Company Limited was incorporated into a publically listed company on 27th August, 1999. Specialized in manufacturing boxes and corrugated cartons, the company is a subsidiary of Flour Mills of Fiji Limited (FMF Limited), a renowned name in Fiji and across the region. APP is solely based in Fiji and operates in Fiji not only for FMF Limited but also for the general public and has secured its markets across Tonga, Samoa, Tahiti and New Caledonia [ CITATION FMF18 \l 1033 ]. Shareholders At present, there are a total of 20 shareholders who own more than 4 million shares in APP. FMF Limited, which is also the holding company, owns 60% of the shares becoming a majority shareholder. This is followed by BSP Life (Fiji) Limited which owns 10.64% of the shares and Unit Trust of Fiji (Trustee Company) Limited which owns 10.47% of the shares in APP. FHL Trustees Limited ATF Fijian Holdings Unit Trust also owns 5.26% of the shares, with Hari Punja & Sons owning 3.23% of the shares and other significant shareholders who own 10.40% of the shares in APP[ CITATION Atl17 \l 1033 ].

Parent Company As mentioned, Flour Mills of Fiji (FMF) Limited is the parent company for APP and its key area of focus is generally on the manufacturing industry generally the food confectionery industry. Apart from Atlantic & Pacific Packaging Company Limited, FMF Limited has five other subsidiaries which include; Biscuit Company of Fiji Ltd, FMF Snax Limited, Pea Industries Ltd, Rice Company of Fiji Ltd and DHF Ltd. APP serves FMF Limited by providing major packaging solutions and items for the goods manufactured such as corrugated cartons and assorted containers and packets [ CITATION FMF18 \l 1033 ]. Service The company was established on the key basis of providing excellent quality boxes and cartons with a forte in its delivery cycle. It offers products such as firm containers, arranged holders and parcels not only locally but throughout the region. Having said this, its major focus it to satisfy the appetite of its parent company as it is one of the largest companies in the south pacific. With export markets all over the region, FMF Limited produces products on a large scale with dire need for packaging items to be readily available on hand [ CITATION FMF18 \l 1033 ].

References ATH Group of Companies, 2006. ATH Fiji. [Online] Available at: http://www.ath.com.fj/about-ath [Accessed 5 May 2018]. ATH Group of Companies, 2017. ATH 2017 Anuual Report, Suva: ATH Group of Companies. Atlantic & Pacific Packaging Company Limited, 2017. APP 2017 Annual Report, Suva: Atlantic & Pacific Packaging Company . FMF Fiji Limited, 2018. FMF Foods Limited. [Online] Available at: http://www.fmf.com.fj/about-fmf/subsidiaries-associates/atlantic-pacific-packaging-co-ltdatpack.html [Accessed 5 May 2018]....