2003 - KNM Steel Sdn Bhd

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KNM GROUP BERHAD (521348-H)DIRECTORS’ REPORTThe holdings and deemed holdings in the ordinary shares of the Company and of its related corporations (other thanwholly-owned subsidiaries) of those who were Directors at year end as recorded in the Register of Directors’ Shareholdingsare as follows:Shareholdings in whichDirector has direct interestNumber of Ordinary SharesAt1.1.2003/Date ofAtAppointment Bought Sold 31.12.2003Interest of Dato’ Abdul Ranibin Mohd. Razalli in:Perkasa Sistem Sdn. Bhd. 74,000 – – 74,000IM Bina Sdn. Bhd. 180,001 – – 180,001Interest of Lee Swee Eng in:Perkasa Sistem Sdn. Bhd. 15,000 – – 15,000Interest of Sofiyan bin Yahya in:Perkasa Sistem Sdn. Bhd. 11,000 – – 11,000Shareholdings in whichDirector has indirect interestInterest of Dato’ Abdul Ranibin Mohd. Razalli in:The Company – 32,920,000 (6,004,000) 26,916,000Inter Merger Sdn. Bhd. 3,000,000 – – 3,000,000IM Bina Sdn. Bhd. 799,999 – – 799,999Interest of Sofiyan bin Yahya in:The Company – 32,920,000 (6,004,000) 26,916,000Inter Merger Sdn. Bhd. 3,000,000 – – 3,000,000IM Bina Sdn. Bhd. 799,999 – – 799,999Interest of Lee Swee Eng in:The Company – 32,920,000 (6,004,000) 26,916,000Inter Merger Sdn. Bhd. 3,000,000 – – 3,000,000IM Bina Sdn. Bhd. 799,999 – – 799,999Interest of Lee Hui Leong in:The Company – 4,247,091 (1,000,000) 3,247,091Interest of Gan Siew Liat in:The Company – 32,920,000 (6,004,000) 26,916,000Inter Merger Sdn. Bhd. 3,000,000 – – 3,000,000IM Bina Sdn. Bhd. 799,999 – – 799,999Interest of Chew Fook Sin in:The Company – 32,920,000 (6,004,000) 26,916,000Inter Merger Sdn. Bhd. 3,000,000 – – 3,000,000IM Bina Sdn. Bhd. 799,999 – – 799,999262003 ANNUAL REPORT
KNM GROUP BERHAD (521348-H)DIRECTORS’ REPORTBy virtue of their interests in the Company, Dato’ Abdul Rani bin Mohd. Razalli, Lee Swee Eng, Sofiyan bin Yahya, GanSiew Liat and Chew Fook Sin are also deemed to have interests in the subsidiaries during the financial year to theextent that the Company has an interest.None of the other Directors holding office at 31 December 2003 had any interest in the ordinary shares of theCompany and of its related corporations during the financial year.DIRECTORS’ BENEFITSSince the end of the previous financial year, no Director of the Company has received nor become entitled to receiveany benefit (other than a benefit included in the aggregate amount of emoluments received or due and receivable bycertain Directors as shown in the financial statements or the fixed salaries of full time employees of the Company or ofrelated corporations) by reason of a contract made by the Company or a related corporation with the Director or witha firm of which the Director is a member, or with a corporation in which the Director has a substantial financial interest,other than as disclosed in Note 21 to the financial statements.There were no arrangements during and at the end of the financial year which had the object of enabling Directors ofthe Company to acquire benefits by means of the acquisition of shares in or debentures of the Company or any otherbody corporate.ISSUE OF SHARES AND DEBENTURESDuring the financial year, the Company:(i)(ii)(iii)(iv)(v)increased its authorised share capital from RM100,000 comprising 100,000 ordinary shares of RM1.00 eachto RM50,000,000 comprising 50,000,000 ordinary shares of RM1.00 each by the creation of an additional49,900,000 ordinary shares of RM1.00 each.issued 28,253,182 new ordinary shares of RM1.00 each at an issue price of RM1.21 per share for the acquisitionof the entire issued and paid-up share capital of KNM Process Systems Sdn. Bhd. comprising 5,000,000ordinary shares of RM1.00 each for a purchase consideration of RM34,186,350.issued 4,666,816 new ordinary shares of RM1.00 each at an issue price of RM1.00 per share for cash pursuantto the rights issue to shareholders who were registered with the Company on 18 June 2003, in proportion ofapproximately 165 new ordinary shares for every 1,000 ordinary shares then held.issued 4,400,000 new ordinary shares of RM1.00 each at an issue price of RM1.48 per share for cash pursuantto a private placement.issued 6,680,000 new ordinary shares of RM1.00 each at an issue price of RM1.48 per share for cash pursuantto a public issue.There were no other changes in the issued and paid-up share capital of the Company during the financial year.OPTIONS GRANTED OVER UNISSUED SHARESNo options were granted to any person to take up unissued shares of the Company during the year.2003 ANNUAL REPORT27
Page 1 and 2: KNM GROUP BERHAD (521348-H)CONTENTS
Page 3 and 4: KNM GROUP BERHAD (521348-H)NOTICE O
Page 5 and 6: KNM GROUP BERHAD (521348-H)STATEMEN
Page 7 and 8: KNM GROUP BERHAD (521348-H)CORPORAT
Page 9 and 10: KNM GROUP BERHAD (521348-H)BOARD OF
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Page 13 and 14: KNM GROUP BERHAD (521348-H)EXECUTIV
Page 15 and 16: KNM GROUP BERHAD (521348-H)AUDIT CO
Page 17 and 18: KNM GROUP BERHAD (521348-H)STATEMEN
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2003 - KNM Steel Sdn Bhd

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