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Directors’ Report (cont’d)<br />
Directors’ interests<br />
According to the register of directors’ shareholdings, the interests of directors in office at the end of the financial year in shares<br />
in the holding company, the Company and its related corporations during the financial year were as follows:<br />
Holding Company<br />
The Straits Trading Company Limited<br />
70<br />
Building on Success: Developing Resources for the Future<br />
Number of ordinary shares of SGD1 each<br />
1 January 31 December<br />
2011 Bought Sold 2011<br />
Direct interest<br />
Mr. Norman Ip Ka Cheung 23,640 – – 23,640<br />
Indirect interest<br />
Mr. Norman Ip Ka Cheung 25,644 – – 25,644<br />
The Company<br />
Number of ordinary shares of RM1 each<br />
1 January 31 December<br />
2011 Bought Sold 2011<br />
Direct interest<br />
Mr. Norman Ip Ka Cheung 250,000 – – 250,000<br />
Dato’ Seri Dr Mohd. Ajib Anuar 800,000 9,000 – 809,000<br />
En. Razman Ariffin 67,000 – – 67,000<br />
Mr. Lim Sit Chen Lam Pak Ng – 5,000 – 5,000<br />
Indirect interest<br />
Dato’ Seri Dr Mohd. Ajib Anuar – 200,000 – 200,000<br />
Mr. Chew Kwee San – 460,000 – 460,000<br />
Mr. Mark Christopher Greaves – 10,000 – 10,000<br />
None of the other directors in office at the end of the financial year had any interest in shares in the holding company, the<br />
Company or its related corporations during the financial year.<br />
Other statutory information<br />
(a) Before the income statements and statements of financial position of the Group and of the Company were made out, the<br />
directors took reasonable steps:<br />
(i) to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of provision for<br />
doubtful debts and satisfied themselves that all known bad debts had been written off and that adequate provision had<br />
been made for doubtful debts; and<br />
(ii) to ensure that any current assets which were unlikely to realise their value as shown in the accounting records in the<br />
ordinary course of business had been written down to an amount which they might be expected so to realise.<br />
(b) At the date of this report, the directors are not aware of any circumstances which would render:<br />
(i) the amount written off as bad debts or the amount of provision for doubtful debts in the financial statements of the Group<br />
and of the Company inadequate to any substantial extent; and<br />
(ii) the values attributed to current assets in the financial statements of the Group and of the Company misleading.