Hatching For The Future - teo seng capital berhad

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Teo Seng Capital Berhad Directors’ Report The directors have pleasure in submitting their report together with the audited financial statements of the Group and of the Company for the financial year ended 31 March 2012. PRINCIPAL ACTIVITIES The Company is principally engaged in the business of investment holding and provision of management services. The principal activities of the subsidiaries are set out in Note 7 to the financial statements. There have been no significant changes in the nature of these principal activities during the financial year. RESULTS Group RM Company RM Profit after tax for the financial year 17,137,136 6,297,824 Attributable to : Owners of the Company 17,262,160 6,297,824 Non-controlling interests (125,024) - 17,137,136 6,297,824 In the opinion of the directors, the results of the operations of the Group and of the Company during the financial year have not been substantially affected by any item, transaction or event of a material and unusual nature. DIVIDENDS Dividend paid or declared by the Company since the end of the previous financial year were as follows : A final single tier dividend of 7.00% equivalent to 1.40 sen per ordinary share approximately of RM 2,800,000 which was proposed in respect of the financial year ended 31 March 2011 and dealt with in the previous directors’ report, was declared on 27 July 2011 and subsequently paid on 23 November 2011. The payment was made to the shareholders whose name appeared in the Company’s Records of Depositors on 1 November 2011. The Board of Directors proposed a final single tier dividend of 8.75% equivalent to 1.75 sen per ordinary share approximately of RM 3,500,000 in respect of the financial year ended 31 March 2012. The dividend is subject to the approval of shareholders at the forthcoming Annual General Meeting of the Company and has not been included as a liability in the financial statements. Such dividend, if approved by the shareholders, will be accounted for in equity as an appropriation of retained profits for the financial year ending 31 March 2013. Annual Report 2012 RESERVES AND PROVISIONS There was no material transfers to or from reserves and provisions during the financial year save as disclosed in the financial statements. ISSUES OF SHARES AND DEBENTURES There was no issue of shares and debentures during the financial year. 30
Teo Seng Capital Berhad Directors’ Report OPTIONS GRANTED OVER UNISSUED SHARES No options have been granted by the Company to any person to take up any unissued shares of the Company during the financial year. HOLDING COMPANIES The Company is a subsidiary of Advantage Valuations Sdn. Bhd., a company incorporated in Malaysia. The intermediate holding company is Leong Hup Holdings Berhad, a company incorporated in Malaysia. With effect from 12 April 2012, the directors regard Emerging Glory Sdn. Bhd. as its ultimate holding company. Prior to that, the directors regarded Leong Hup Management Sdn. Bhd., a company incorporated in Malaysia, as its ultimate holding company. DIRECTORS The directors who served since the date of last report are : Tan Sri Lau Tuang Nguang Lau Jui Peng Lau Joo Han Nam Yok San Na Yok Chee Loh Wee Ching Choong Keen Shian Frederick Ng Yong Chiang Dato’ Koh Low @ Koh Kim Toon Dato’ Zainal Bin Hassan DIRECTORS’ INTERESTS According to the register of directors’ shareholdings, the interests of directors holding office at the end of the financial year in shares in the Company and its related corporations during the financial year are as follows : The Company Number Of Ordinary Shares Of RM0.20 Each Balance At Balance At 01.04.2011 Bought Sold 31.03.2012 Tan Sri Lau Tuang Nguang - Indirect 212,800 10,850,900 - 11,063,700 Nam Yok San - Indirect 102,254,001 - - 102,254,001 Na Yok Chee - Direct 1,450 - - 1,450 - Indirect 102,246,001 - - 102,246,001 Annual Report 2012 31
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Lot PTD 25740, Batu 4, Jalan Air Hi
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