Directors’ interests in contracts
During the financial year, the Company and/or its related corporations have in the normal course of business entered into
transactions with directors and/or their affiliated parties, being related parties and parties in which some of the directors are
deemed to have an interest, with the directors having disclosed their interests in such transactions pursuant to Section 156 of
the Companies Act, Chapter 50. Such transactions may comprise loans, deposits, provision of nominee and corporate advisory
services, foreign exchange transactions, insurance transactions, property-related transactions, construction-related transactions,
industrial and manufacturing-related transactions, consumer-related transactions, investing in real estate used for hospitality and/
or hospitality-related purposes, purchase/sale of investments, property, industrial and consumer products, goods and services,
including vehicles, equipment and machinery, parts and accessories and provision and receipt of after-sales services, hotel-
related transactions, procurement services, information technology services, e-commerce-related transactions, management and
consultancy services and/or other transactions carried out on normal commercial terms and in the normal course of business of
the Company and/or its related corporations.
However, the directors have neither received nor become entitled to receive any benefit arising out of these transactions other
than those to which they may be entitled as customers, suppliers, directors and members of these corporations.
Except as disclosed above and except for remuneration received from the related corporations, since the end of the financial
year, no director has received or become entitled to receive a benefit by reason of a contract made by the Company and/or its
related corporations with the director, or with a firm of which he is a member or with a company in which he has a substantial
financial interest.
Share options
During the financial year, there were:
(i)
no options granted by the Company to any person to take up unissued shares in the Company; and
(ii)
no shares issued by virtue of any exercise of option to take up unissued shares of the Company.
As at the end of the financial year, there were no unissued shares of the Company under options.
Auditors
The auditors, KPMG LLP, have expressed their willingness to accept re-appointment.
On behalf of the Board of Directors
Wong Hong Ren
Director
Yeo Wee Eng Vincent
Director
13 March 2015
DIRECTORS’ REPORT
3
M&C BUSINESS TRUST MANAGEMENT LIMITED
