Annual Report 2010
Other Disclosures

 

 

Other Disclosures

 

 

 
The following information is provided in accordance with Paragraph 9.25 of the MMLR as set out in Appendix 9C thereto.
 
  1. UTILISATION OF PROCEEDS RAISED FROM CORPORATE PROPOSALS
  1. There were no proceeds raised from corporate proposals during the financial year.

  1. SHARE BUY-BACK
  1. The proposed share buy-back which was announced on 4 March 2009 was reapproved by the shareholders of the Company at the 33rd AGM on 29 March 2010. However, no share buy-back has taken place as at 31 December 2010 and the Company does not expect share buy-back to take place prior to the 34th AGM.

  1. OPTIONS, WARRANTS OR CONVERTIBLE SECURITIES
  1. The Company did not issue any options, warrants or convertible securities during the financial year.

  1. AMERICAN DEPOSITORY RECEIPT (ADR)/GLOBAL DEPOSITORY RECEIPT (GDR)
  1. The Company did not sponsor any ADR/GDR Programme during the financial year.

  1. PENALTY
  1. There was no penalty imposed on the Company for the financial year.

  1. VARIATION IN RESULTS
  1. There was no variation between the financial results in the Audited Financial Statements 2010 and the audited financial results for the year ended 31 December 2010 announced by the Company on 27 January 2011.

  1. PROFIT GUARANTEE
  1. There was no profit guarantee for the financial year.

  1. MATERIAL CONTRACTS
  1. There was no material contract entered into by the Group involving the interest of Directors and major shareholders, either still subsisting at the end of the financial year ended 31 December 2010 or entered into since the end of the previous financial year.

  1. REVALUATION POLICY ON LANDED PROPERTIES
  1. The Group's policy is to conduct a review of the value of its landed properties at the end of each financial year. As the Group does not have any revalued properties as at the financial year end, any impairment to the carrying amounts of the landed properties will be recognised in profit or loss. Thus, the value of the landed properties is stated at cost less accumulated depreciation and impairment losses.