Annual Report 2012 - singapore land limited

18
Singapore Land Limited - Annual Report 2012
CORPORATE GOVERNANCE REPORT
INTERESTED PERSON TRANSACTIONS POLICIES
The Company has adopted an internal policy in respect of any transaction with interested persons and has set out the
procedures for review and approval of the Company’s interested person transaction.
The Company’s disclosures according to Rule 907 of the SGX-ST Listing Manual in respect of interested person
transactions (“IPT”) for the fi nancial year ended 31 December 2012 are set out as follows:
Name of Interested Person
Aggregate value of all IPT during
the financial year under review
(excluding transactions less
than $100,000 and transactions
conducted under shareholders’
mandate pursuant to Rule 920 of
the SGX-ST Listing Manual)
S$’million
Aggregate value of all IPT
conducted under shareholders’
mandate pursuant to Rule 920 of the
SGX-ST Listing Manual (excluding
transactions less than $100,000)
S$’million
United Industrial Corporation Limited
Rental and service income from United
Industrial Corporation Limited
1.3 n/a
UOL Venture Investments Pte. Ltd.
Contribution of shareholder’s loan in United
Venture Development (Bedok) Pte. Ltd. for the
development of Archipelago
21.1 n/a
UOL Venture Investments Pte. Ltd.
Contribution of shareholder’s loan and equity
in UVD Pte. Ltd. for the development of
residential site at Bright Hill Drive
58.5 n/a
The above IPT were conducted on normal commercial terms. The AC was also of the view that the risks and rewards of
the aforementioned joint ventures were in proportion to the equity of each joint venture partner, and that the joint ventures
were not prejudicial to the interests of the Company and its minority shareholders.