notes to the financial statements - Food Empire Holdings Limited
notes to the financial statements - Food Empire Holdings Limited
notes to the financial statements - Food Empire Holdings Limited
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<strong>Food</strong> <strong>Empire</strong> <strong>Holdings</strong> <strong>Limited</strong> Annual Report 2012<br />
DIRECTORS’ REPORT<br />
The Direc<strong>to</strong>rs are pleased <strong>to</strong> present <strong>the</strong>ir report <strong>to</strong> <strong>the</strong> members <strong>to</strong>ge<strong>the</strong>r with <strong>the</strong> audited consolidated <strong>financial</strong> <strong>statements</strong> of <strong>Food</strong><br />
<strong>Empire</strong> <strong>Holdings</strong> <strong>Limited</strong> (<strong>the</strong> “Company”) and its subsidiaries (collectively, <strong>the</strong> “Group”) and <strong>the</strong> balance sheet and statement of changes<br />
in equity of <strong>the</strong> Company for <strong>the</strong> <strong>financial</strong> year ended 31 December 2012.<br />
Direc<strong>to</strong>rs<br />
The Direc<strong>to</strong>rs of <strong>the</strong> Company in office at <strong>the</strong> date of <strong>the</strong> report are:<br />
Tan Wang Cheow<br />
Sudeep Nair<br />
Tan Guek Ming<br />
Har<strong>to</strong>no Gunawan<br />
Koh Yew Hiap<br />
Lew Syn Pau<br />
Ong Kian Min<br />
Boon Yoon Chiang<br />
Arrangement <strong>to</strong> enable Direc<strong>to</strong>rs <strong>to</strong> acquire shares and debentures<br />
Except for <strong>the</strong> <strong>Food</strong> <strong>Empire</strong> <strong>Holdings</strong> <strong>Limited</strong> Share Option Scheme (<strong>the</strong> “2002 Option Scheme” and “2012 Option Scheme”), nei<strong>the</strong>r at<br />
<strong>the</strong> end of, nor at any time during <strong>the</strong> <strong>financial</strong> year, was <strong>the</strong> Company a party <strong>to</strong> any arrangement whose object is <strong>to</strong> enable <strong>the</strong> Direc<strong>to</strong>rs<br />
of <strong>the</strong> Company <strong>to</strong> acquire benefits by means of <strong>the</strong> acquisition of shares or debentures of <strong>the</strong> Company or any o<strong>the</strong>r body corporate.<br />
Direc<strong>to</strong>rs’ interests in shares and debentures<br />
The following Direc<strong>to</strong>rs of <strong>the</strong> Company who held office at <strong>the</strong> end of <strong>the</strong> <strong>financial</strong> year had, according <strong>to</strong> <strong>the</strong> register of Direc<strong>to</strong>rs’<br />
shareholdings required <strong>to</strong> be kept under Section 164 of <strong>the</strong> Singapore Companies Act, Cap. 50, an interest in shares and share options of<br />
<strong>the</strong> Company, as stated below:<br />
Shareholdings<br />
in which<br />
Shares held Direc<strong>to</strong>rs are<br />
Shareholdings in which in <strong>the</strong> name deemed <strong>to</strong><br />
Shares held in <strong>the</strong> name Direc<strong>to</strong>rs are deemed <strong>to</strong> of <strong>the</strong> have an<br />
of <strong>the</strong> Direc<strong>to</strong>rs have an interest Direc<strong>to</strong>rs interest<br />
At at At <strong>the</strong> At <strong>the</strong> At <strong>the</strong> As at As <strong>the</strong><br />
beginning of end of <strong>the</strong> beginning of end of <strong>the</strong> 21 January 21 January<br />
Name of Direc<strong>to</strong>r <strong>the</strong> year year <strong>the</strong> year year 2013 2013<br />
The Company<br />
Ordinary shares<br />
Tan Wang Cheow 52,440,000 52,440,000 67,367,400 67,367,400 52,440,000 67,367,400<br />
Sudeep Nair 30,932,399 34,406,399 4,680,000 4,680,000 34,406,399 4,680,000<br />
Tan Guek Ming 67,367,400 67,367,400 52,440,000 52,440,000 67,367,400 52,440,000<br />
Lew Syn Pau – – 480,000 480,000 – 480,000<br />
Ong Kian Min – – 720,000 720,000 – 720,000<br />
Boon Yoon Chiang 40,000 40,000 – – 40,000 –<br />
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