Dealings in Securities
The Company has adopted an internal code on dealings in securities to govern dealings in its shares by the Directors and the employees
of the Group. This internal code is made in compliance with Rule 1207(19) of the Listing Manual of the SGX-ST relating to dealings in
securities and has been disseminated to the Directors and the employees of the Group informing them of the implications on insider
trading.
The internal code prohibits the dealing in securities of the Company by Directors and employees while in possession of price-sensitive
information, and during the period commencing two weeks before the announcement of the quarterly results or the period of one month
in the case of the announcement of the full year results, and ending on the date of the announcement. Directors are required to report
securities dealings to the Company and the necessary announcements are made as required. In addition, Directors and employees
are reminded to observe insider trading rules at all times and not to deal with the Company’s securities on short-term considerations.
Material Contracts
Except as disclosed in the financial statements, there were no material contracts entered into by the Company or its subsidiary
companies, involving the interests of any director or controlling shareholder subsisting at the end of the FY2014.
Interested Person Transactions
The Company has established procedures to ensure that transactions with interested persons are properly reviewed and approved and
are conducted at arm’s length basis.
The Company will seek a general mandate from its shareholders if necessary for those recurrent transactions of revenue or trading
nature or those necessary for its day-to-day operations.
The aggregate value of the interested person transactions entered into during FY2014 is as follows:
Name of Interested Person
Aggregate value of all interested
person transactions during the
financial year under review
(excluding transactions less than
S$100,000 and transactions
conducted under shareholders’
mandate pursuant to Rule 920)
Aggregate value of all interested
person transactions conducted under
shareholders’ mandate pursuant to Rule
920 (excluding transactions less than
S$100,000)
Lian Seng Investment Pte Ltd -
Office lease expenses received /receivable
from the Group
Purchase of units at Ark@Gambas from
the Group
$‘000
236
3,200
$‘000
Nil
3,436
Nil
CORPORATE GOVERNANCE REPORT
Hock Lian Seng Holdings Limited
Annual report 2014
26
