REPORT OF THE DIRECTORS (CONTINUED)
Interests in contracts
No contract of significance, to which the company or any of its subsidiaries was a party and in which a director of the company had a ma-
terial interest, subsisted at the end of the year or at any time during the financial year.
None of the directors has a service contract with the company of more than one year's duration.
Arrangement to purchase shares or debentures
At no time during the year was the company or any of its subsidiaries a party to any arrangement to enable the directors of the company to acquire benefits by means of acquisition of shares in or debentures of the company or any other body corporate.
Auditors
A resolution for the reappointment of KPMG Peat Marwick as auditors of the company is to be proposed at the forthcoming annual general
meeting.
Notes:
The interests of 55,686,200 shares described below relate to the same parcel of shares.
1.
نم
3.
4.
The 55,686,200 shares were beneficially owned by some of the subsidiaries of Henderson Investment Limited ("HI"). Some of the subsidiaries of Pataca Enterprises Limited (a subsidiary of HI) beneficially owned 36,000,000 shares out of 55,686,200 shares. Wiselin Investment Limited, a subsidiary of Max-mercan Investment Limited which is a subsidiary of HI, beneficially owned 19,686,200 shares
out of 55,686,200 shares.
These 55,686,200 shares are duplicated in the interests described in Note 1. Banshing Investment Limited, a subsidiary of Kingslee S.A... beneficially owned 35.14 per cent of the issued share capital of HI. Henderson Development Limited ("HD") beneficially owned 62.02 per cent of the issued share capital in Henderson Land Developement Company Limited ("HL") which is the holding company of Kingslee S.A..
These 55,686,200 share are duplicated in the interests described in Note 1 and Note 2. Goldcorp Holdings Limited beneficially owned 50 per cent of the issued shares in Hopkins Limited. Hopkins Limited was the trustee of a unit trust ("Unit Trust") which beneficially
owned all the issued ordinary shares in the share capital of HD.
These 55,686,200 shares are duplicated in the interests described in Note 1, Note 2 and Note 3. Mr. Lee Shau Kee beneficially owned all the issued capital of Goldcorp Holdings Limited and 50 per cent of the issued shares in Hopkins Limited and was also the appointor of
the Unit Trust.
On behalf of the board
Colin K.Y. Lam
Director
Hong Kong, 9 March 1992
10
Leung Hay Man
Director