Report of the Directors (Continued)
DIRECTORS' INTERESTS IN SHARES
At 30th June, 1994, 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
Other
Ngan Shing-kwan
Ngan Kit-ling Ngan Kit-keung
Dr. Henry Ngan
Liu Lit-mo D.A. L. Wright
Fritz Helmreich
Rafael S.Y. Hui
Carrie K.L. You Tsang
Personal Family
interests interests
interests
3,568,637
33,468 (Note)
3,317,799
33,468 (Note)
5,509,468 1,250
33,468 (Note)
5,741,579
250
33,468 (Note)
62,250
5,000 6,000
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
of
age
During the
year under review, the company did not grant to any director or chief executive or to the spouse or children under 18 years any such director or chief executive any right to subscribe for shares of the company.
of
At no time during the year was the company or any of its subsidiaries 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 the 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
year, neither the
During the
company nor any of its subsidiaries has purchased, sold or redeemed any of the company's listed securities.
SUMMARY OF FINANCIAL DATA
years is shown on page 24.
A summary of the group's financial data for the last five
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, 8th November, 1994
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