Report of the Directors (Continued)
DIRECTORS' INTERESTS IN SHARES
At 30th June, 1992, the directors and their associates had the following interests in the issued share capital of the company as recorded in the register of directors' share interests:
Ordinary shares of HK$2 each Personal Family
Other
Ngan Shing-kwan
Ngan Kit-ling Ngan Kit-keung Dr. Henry Ngan
M.T. Geoffrey Yeh
Liu Lit-mo
D.A. L. Wright
Gordon K.C. Siu
Andrew K.P. Leung
interests
interests
interests
3,568,637
33,468 (Note)
3,313,799
33,468 (Note)
5,509,468
1,250
33,468 (Note)
5,741,579
250
33,468 (Note)
1,250
62,250
5,000
Note: The 33,468 shares in the company are included in the estate of the late Madam Wong Yick-mui, wife of Mr. Ngan Shing-kwan.
ARRANGEMENTS TO PURCHASE SHARES OR DEBENTURES
At no time during the year was the company or its subsidiary a party to any arrangements to enable the directors of the company to acquire benefits by means of the acquisition of shares in or debentures of the company or any other body corporate.
SUBSTANTIAL INTERESTS IN THE SHARE CAPITAL OF THE COMPANY
As far as directors are aware, no shareholder of the company who is not a director of the company is, directly or indirectly interested in 10 per cent, or more of the issued share capital of the company.
DIRECTORS' INTEREST IN CONTRACTS
Madam Ngan Kit-ling is the sole proprietor of Ngan & Co., one of the company's solicitors, and as such has an interest in legal fees and expenses paid by the company to that firm.
DIRECTORS' SERVICE CONTRACTS
No director proposed for re-election at the forthcoming ordinary yearly meeting has an unexpired service contract with the company which is not determinable by the company within one year without payment of compensation, other than normal statutory obligations.
PURCHASE, SALE OR REDEMPTION OF THE COMPANY'S LISTED SECURITIES
During the year, neither the company nor any of its subsidiary has purchased, sold or redeemed any of the company's listed securities.
SUMMARY OF FINANCIAL DATA
A summary of the group's financial data for the last five years is shown on page 25.
AUDITORS
A resolution for the reappointment of KPMG Peat Marwick as auditors of the company is to be proposed at the forthcoming ordinary yearly meeting.
By order of the board
NGAN Shing-kwan Chairman
Hong Kong, 9th November, 1992
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