董事會報告書
Report of the Directors
股本 一九九四年六月十七日,本公司增設50,000,000股每 股面值港幣1元的普通股,藉以將法定股本由港幣 300,000,000 元增至港幣 350,000,000元。一九九四年 九月十五日,本公司再增設 200,000,000 股每股面值港 幣1元的普通股,藉以將法定股本由港幣 350,000,000 元進一步增至港幣550,000,000元。
在股東於一九九四年九月十五日舉行的股東特別大會 上通過決議案,批准按每持有兩股供一股的比例進行 配售新股後,本公司於一九九四年十月五日以發行價 每股港幣 10.50元發行118,748,706 股每股面值港幣1 元的普通股,所收取之總代價共為港幣1,246,861,413 元。
發行股份所得之款項淨額,將用作改進本集團的小輪 業務及地產發展的資金。
年內的股本、一九九四年認股權證及一九九六年認股 權證的變動詳情載列於帳項附註十七。
年內本公司或其任何附屬公司概無購買、出售或贖回 本公司任何證券。
儲備
年內本公司及本集團的儲備變動詳情載列於帳項附註 十八。
銀行貸款及其他借款
本集團於一九九四年十二月三十一日之銀行貸款及其 他貸款資料刋載於帳項附註十六。是年度本集團並無 利息撥-
資本。
主要物業
本集團所擁有之物業資料刊載於第三十九頁。
五年概要
本集團之五年資產及負債概要刊載於第四十二頁。
董事
本財政年度內的董事芳名如下:
劉鎮國(名譽主席)
林高演(主席)
王敏剛(行政總裁)
馮秉芬爵士
簡悅隆
劉定中
劉壬泉
李兆基博士
梁希文
李寧
吳樹熾博士
鄭官秀(自一九九四年一月一日離任)
Share capital
On 17 June 1994, the authorised share capital of the Company was increased from HK$300,000,000 to HK$350,000,000 by the creation of an additional 50,000,000 ordinary shares of HK$1 each. On 15 September 1994, the authorised share capital of the Company was further increased from HK$350,000,000 to HK$550,000,000 by the creation of an additional 200,000,000 ordinary shares of HK$1 each.
On 5 October 1994, following shareholders' approval granted at an Extraordinary General Meeting of the Company held on ~ 15 September 1994 for a rights issue in the proportion of one rights share for every two shares held, the Company issued 118,748,706 ordinary shares of HK$1 each at an issue price of HK$10.50. The total consideration received was HK$1,246,861,413.
The net proceeds of the issue will be used to finance improvements to the Group's ferry operations and property development.
Details of movements in share capital, 1994 Warrants and 1996 Warrants during the year are set out in note 17 on the
accounts.
During the year, neither the Company nor
any of its subsidiaries has purchased, sold or redeemed any of the Company's securities.
Reserves
Movements in reserves of the Company and of the Group during the year are set out in note 18 on the accounts.
Bank loans and other borrowings
The Group's bank and other borrowings as at 31 December
1994 are as shown in note 16 of the accounts. There was no interest capitalised by the Group during the year.
Principal properties
A summary of the Group's properties is set out on page 39.
Five year summary
The five year summary of assets and liabilities of the Group is
set out on page 42.
Directors
The directors during the financial year were:-
Lau Chan Kwok (Honorary Chairman)
Colin K. Y. Lam (Chairman)
Peter M. K. Wong (President & C.E.O.)
Sir Kenneth P.F. Fung
Michael Y.L. Kan
Edmond T.C. Lau
Eddie Y.C. Lau
Dr. Lee Shau Kee
Leung Hay Man
Li Ning
Dr. Alex S.C. Wu
Cheng Koon Sau (resigned on 1 January 1994)
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