Annual Report 2011/12 - International Entertainment Corporation

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Report of the DirectorsINTERESTS AND SHORT POSITIONS OF SHAREHOLDERS IN SHARES AND UNDERLYINGSHARES OF THE COMPANYSave as disclosed below, as at 31 March 2012, so far as is known to the Directors or chief executives of the Company,the Company had not been notified by any persons (other than the Directors or chief executive of the Company) who hadinterests or short positions in the Shares or underlying Shares which would fall to be disclosed to the Company under theprovisions of Divisions 2 and 3 of Part XV of the SFO or which were recorded in the register required to be kept by theCompany under Section 336 of the SFO as having an interest in 5% or more of the issued share capital of the Company.Long positions in the SharesName of Shareholder Capacity Number of SharesApproximatepercentageof the issuedshare capitalof the CompanyMediastar International Limited (“Mediastar”) Beneficial owner 881,773,550 74.78%Chow Tai Fook Enterprises Limited (“CTF”)Interest of a controlledcorporation881,773,550(Note 1)74.78%Chow Tai Fook (Holding) Limited(formerly known as Centennial SuccessLimited) (“CTFHL”)Interest of a controlledcorporation881,773,550(Notes 1, 2)74.78%Chow Tai Fook Capital Limited (“CTF Capital”) Interest of a controlledcorporation881,773,550(Notes 1, 3)74.78%Cheng Yu Tung Family (Holdings II) Limited(“CYTFH-II”)Interest of a controlledcorporation881,773,550(Notes 1, 4)74.78%Cheng Yu Tung Family (Holdings) Limited(“CYTFH”)Interest of a controlledcorporation881,773,550(Notes 1, 5)74.78%Notes:(1) Mediastar is wholly-owned by CTF. Accordingly, CTF was deemed to be interested in 881,773,550 Shares held by Mediastar underthe SFO.(2) CTF is wholly-owned by CTFHL. Accordingly, CTFHL was deemed to be interested in 881,773,550 Shares held by Mediastar underthe SFO.(3) CTF Capital is interested in approximately 74.07% of the issued share capital of CTFHL. Accordingly, CTF Capital was deemed to beinterested in 881,773,550 Shares held by Mediastar under the SFO.(4) CYTFH-II is interested in approximately 46.65% of the issued share capital of CTF Capital. Accordingly, CYTFH-II was deemed to beinterested in 881,773,550 Shares held by Mediastar under the SFO.(5) CYTFH is interested in approximately 48.98% of the issued share capital of CTF Capital. Accordingly, CYTFH was deemed to beinterested in 881,773,550 Shares held by Mediastar under the SFO.International Entertainment Corporation - Annual Report 2011/12 17
Report of the DirectorsARRANGEMENTS TO PURCHASE SHARES OR DEBENTURESAt no time during the year was the Company, its ultimate holding company, any subsidiaries of its ultimate holding companyor any of its subsidiaries, a party to any arrangements to enable the Directors to acquire benefits by means of the acquisitionof shares in, or debentures of, the Company or any other body corporate.DIRECTORS’ INTERESTS IN CONTRACTSOther than as disclosed in note 35 to the consolidated financial statements and the section headed “ConnectedTransactions” below, no contracts of significance, to which the Company, its ultimate holding company, any subsidiaries ofits ultimate holding company or any of its subsidiaries, was a party and in which a Director had a material interest, whetherdirectly or indirectly, subsisted at the end of the year or at any time during the year.DIRECTORS’ INTEREST IN COMPETING BUSINESSThe following Directors are considered to have interests in the business which competes or is likely to compete, eitherdirectly or indirectly, with the business of the Group pursuant to the Listing Rules, particulars of which are set out below:Name of DirectorName of entity whichbusiness is consideredto compete or likelyto compete with thebusiness of the GroupDescription ofbusiness of the entitywhich is consideredto compete or likelyto compete with thebusiness of the GroupNature of interestin the entityDr. Cheng Kar ShunNew World DevelopmentCompany Limited (“NWD”)and its subsidiariesInvestment in hotelproperty in Makati,Manila, the Philippinesexecutive director,optionholder andshareholder(Note 1)Mr. Cheng Chi Kong NWD and its subsidiaries Investment in hotelproperty in Makati,Manila, the Philippinesexecutive directorand optionholder(Note 2)Notes:(1) As at 31 March 2012, Dr. Cheng Kar Shun was personally interested in 10,000,000 share options of NWD and his spouse waspersonally interested in 450,000 shares of NWD respectively, together representing approximately 0.17% of the issued share capitalof NWD.(2) As at 31 March 2012, Mr. Cheng Chi Kong was personally interested in 3,500,000 share options of NWD, representing approximately0.06% of the issued share capital of NWD.Save as disclosed above, none of the Directors and their respective associates has an interest in a business whichcompetes or is likely to compete, either directly or indirectly, with the business of the Group pursuant to the Listing Rules.18International Entertainment Corporation - Annual Report 2011/12
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Particulars of Principal Properties
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