Ocean Sky International Limited - Ocean Sky International Ltd ...

Recommendations

Info

CONTENTS CORPORATE INFORMATION .............................................................................................................. 3 DEFINITIONS ........................................................................................................................................ 5 GLOSSARY OF TECHNICAL TERMS .................................................................................................. 10 Page DETAILS OF THE INVITATION LISTING ON THE STOCK EXCHANGE ................................................................................................ 11 INDICATIVE TIMETABLE FOR LISTING ................................................................................................ 13 STRUCTURE OF INVITATION .............................................................................................................. 14 CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS ........................................................ 16 SELLING RESTRICTIONS .................................................................................................................... 16 PLAN OF DISTRIBUTION .................................................................................................................... 16 PROSPECTUS SUMMARY .................................................................................................................. 18 THE INVITATION .................................................................................................................................... 20 ISSUE STATISTICS .............................................................................................................................. 22 RISK FACTORS .................................................................................................................................... 24 EXCHANGE RATES .............................................................................................................................. 29 DIVIDEND POLICY ................................................................................................................................ 30 CAPITALISATION AND INDEBTEDNESS ............................................................................................ 31 CONTINGENT LIABILITIES .................................................................................................................. 32 DILUTION .............................................................................................................................................. 33 SELECTED CONSOLIDATED FINANCIAL INFORMATION ................................................................ 34 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULT OF OPERATIONS ........................................................................................................................................ 36 LIQUIDITY AND CAPITAL RESOURCES ............................................................................................ 40 PROFIT ESTIMATE ................................................................................................................................ 41 OUR HISTORY ...................................................................................................................................... 42 OUR INDUSTRY .................................................................................................................................... 44 OUR BUSINESS .................................................................................................................................... 45 COMPETITION AND COMPETITIVE STRENGTHS ............................................................................ 53 PROSPECTS AND FUTURE PLANS .................................................................................................... 57 OUR MAJOR CUSTOMERS .................................................................................................................. 59 OUR MAJOR SUPPLIERS .................................................................................................................... 60 1
Page OUR EMPLOYEES ................................................................................................................................ 61 CREDIT POLICY .................................................................................................................................... 62 INTELLECTUAL PROPERTY ................................................................................................................ 62 PROPERTIES AND FIXED ASSETS .................................................................................................... 63 DIRECTORS, MANAGEMENT AND STAFF DIRECTORS .......................................................................................................................................... 66 MANAGEMENT ...................................................................................................................................... 68 STAFF .................................................................................................................................................... 71 MANAGEMENT REPORTING STRUCTURE ........................................................................................ 72 SERVICE AGREEMENTS ...................................................................................................................... 73 DIRECTORS’ AND EXECUTIVE OFFICERS’ REMUNERATION .......................................................... REMUNERATION OF EMPLOYEES RELATED TO DIRECTORS AND SUBSTANTIAL 74 SHAREHOLDERS .................................................................................................................................. 75 OCEAN SKY SHARE OPTION SCHEME ............................................................................................ 76 CORPORATE GOVERNANCE .............................................................................................................. 81 INTERESTED PERSONS TRANSACTIONS ........................................................................................ 84 POTENTIAL CONFLICT OF INTERESTS ............................................................................................ 88 GENERAL INFORMATION ON OUR COMPANY AND OUR GROUP SHARE CAPITAL .................................................................................................................................... 89 OWNERSHIP STRUCTURE AND PRINCIPAL SHAREHOLDERS ...................................................... 92 MORATORIUM ...................................................................................................................................... 92 GROUP STRUCTURE .......................................................................................................................... 93 COMPANIES WITHIN OUR GROUP .................................................................................................... 94 LETTER FROM AUDITORS AND REPORTING ACCOUNTANTS IN RELATION TO THE PROFIT ESTIMATE OF THE GROUP FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2002 .............................................................................................................. 96 ACCOUNTANTS’ REPORT .................................................................................................................... 97 MANAGEMENT, UNDERWRITING AND PLACEMENT ARRANGEMENTS ........................................ 139 EXCHANGE CONTROLS ...................................................................................................................... 140 GENERAL AND STATUTORY INFORMATION .................................................................................... 141 APPENDIX A - TERMS AND CONDITIONS AND PROCEDURES FOR APPLICATION .................... A-1 APPENDIX B - DESCRIPTION OF SINGAPORE COMPANY LAW RELATING TO SHARES ............ B-1 APPENDIX C - DESCRIPTION OF SINGAPORE LAW RELATING TO TAXATION ............................ C-1 APPENDIX D - RULES OF THE OCEAN SKY SHARE OPTION SCHEME ........................................ D-1 2
Page 1: PROSPECTUS DATED 12 MARCH 2003 (Reg
Page 5 and 6: Legal Advisors to our Company : Jin
Page 7 and 8: GENERAL “Act” : The Companies A
Page 9 and 10: “PRC” : People’s Republic of
Page 11 and 12: GLOSSARY OF TECHNICAL TERMS To faci
Page 13 and 14: shall be deemed to have notice of s
Page 15 and 16: STRUCTURE OF INVITATION This sectio
Page 17 and 18: CAUTIONARY NOTE ON FORWARD-LOOKING
Page 19 and 20: PROSPECTUS SUMMARY The following su
Page 21 and 22: THE INVITATION Issue Size : 92,000,
Page 23 and 24: ISSUE PRICE ISSUE STATISTICS NET TA
Page 25 and 26: RISK FACTORS You should carefully e
Page 27 and 28: We are dependent on our major custo
Page 29 and 30: Accordingly, the timing and the qua
Page 31 and 32: We do not have a fixed dividend pol
Page 33 and 34: As at 31 January 2003, our Group ha
Page 35 and 36: SELECTED CONSOLIDATED FINANCIAL INF
Page 37 and 38: MANAGEMENT’S DISCUSSION AND ANALY
Page 39 and 40: Operating expenses were 14.0% of tu
Page 41 and 42: Non-current liabilities Non-current
Page 43 and 44: OUR HISTORY Our Company was incorpo
Page 45 and 46: OUR INDUSTRY Apparel is one of the
Page 47 and 48: Our Group has a portfolio of client
Page 49 and 50: Pre-Manufacturing Supply Chain Mana
Page 51 and 52: Post-Manufacturing Supply Chain Man
Page 53 and 54:
Our marketing team is not only well
Page 55 and 56:
COMPETITIVE STRENGTHS Over the year
Page 57 and 58:
Our global operations provide our m
Page 59 and 60:
d. We will expand the scope of our
Page 61 and 62:
OUR MAJOR SUPPLIERS With our global
Page 63 and 64:
CREDIT POLICY Generally, the terms
Page 65 and 66:
Location/Use Approximate Approximat
Page 67 and 68:
DIRECTORS, MANAGEMENT AND STAFF DIR
Page 69 and 70:
MANAGEMENT Our day-to-day operation
Page 71 and 72:
Lee Ching Lian Bernadette Ms Lee Ch
Page 73 and 74:
MANAGEMENT REPORTING STRUCTURE Our
Page 75 and 76:
DIRECTORS’ AND EXECUTIVE OFFICERS
Page 77 and 78:
OCEAN SKY SHARE OPTION SCHEME We ha
Page 79 and 80:
Issue Price The Exercise Price (as
Page 81 and 82:
SGX-ST Requirements The Company sha
Page 83 and 84:
(B) Audit Committee Our business an
Page 85 and 86:
INTERESTED PERSONS TRANSACTIONS Sav
Page 87 and 88:
Consultancy Services Our Non-Execut
Page 89 and 90:
POTENTIAL CONFLICT OF INTERESTS Ang
Page 91 and 92:
Details of the changes in the issue
Page 93 and 94:
OWNERSHIP STRUCTURE AND PRINCIPAL S
Page 95 and 96:
COMPANIES WITHIN OUR GROUP The deta
Page 97 and 98:
LETTER FROM AUDITORS AND REPORTING
Page 99 and 100:
GROUP BALANCE SHEETS Non-current as
Page 101 and 102:
GROUP STATEMENTS OF CHANGES IN SHAR
Page 103 and 104:
GROUP STATEMENTS OF CASH FLOWS (Con
Page 105 and 106:
STATEMENTS OF ADJUSTMENTS 31 Decemb
Page 107 and 108:
STATEMENTS OF ADJUSTMENTS (Cont’d
Page 109 and 110:
2. BASIS OF PRESENTATION OF FINANCI
Page 111 and 112:
3. SIGNIFICANT ACCOUNTING POLICIES
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
4. FIXED ASSETS (Cont’d) Leasehol
Page 119 and 120:
4. FIXED ASSETS (Cont’d) Freehold
Page 121 and 122:
5. GOODWILL (Cont’d) Negative Goo
Page 123 and 124:
8. DEFERRED EXPENDITURE (Cont’d)
Page 125 and 126:
10. CURRENT LIABILITIES Group As at
Page 127 and 128:
18. FINANCE LEASE CREDITORS Group A
Page 129 and 130:
24. DEFERRED TAXATION Group As at 3
Page 131 and 132:
26. FOREIGN CURRENCY TRANSLATION RE
Page 133 and 134:
31. FINANCE COSTS Group Financial y
Page 135 and 136:
35. SIGNIFICANT RELATED PARTIES TRA
Page 137 and 138:
39. SEGMENT REPORTING (Cont’d) Ge
Page 139 and 140:
(iv) Subsequent to the balance shee
Page 141 and 142:
EXCHANGE CONTROLS MALAYSIA Based on
Page 143 and 144:
Resultant Number of Issued shares i
Page 145 and 146:
Name Present Directorships Past Dir
Page 147 and 148:
Name Present Directorships Past Dir
Page 149 and 150:
(h) Save as disclosed at page 73 of
Page 151 and 152:
(b) Where such Director has given n
Page 153 and 154:
Article 122 The Directors may from
Page 155 and 156:
Article 42 A reference to a member
Page 157 and 158:
Article 35 (A) There shall be no re
Page 159 and 160:
5. WORKING CAPITAL The Directors ar
Page 161 and 162:
(k) Application monies received by
Page 163 and 164:
APPENDIX A - TERMS AND CONDITIONS A
Page 165 and 166:
12. In the event of an under-subscr
Page 167 and 168:
7. Your application must be accompa
Page 169 and 170:
Applications for Reserved Shares 1.
Page 171 and 172:
4. You irrevocably agree and undert
Page 173 and 174:
10. We do not recognise the existen
Page 175 and 176:
Step 1: Click on to DBS Bank websit
Page 177 and 178:
General Meetings of Shareholders Th
Page 179 and 180:
Singapore courts have wide discreti
Page 181 and 182:
Singapore does not impose withholdi
Page 183 and 184:
APPENDIX D - RULES OF THE OCEAN SKY
Page 185 and 186:
“Rules” The rules of the ESOS,
Page 187 and 188:
4.2 Employees who are either Contro
Page 189 and 190:
9. Rights to Exercise Options 9.1 S
Page 191 and 192:
10.5 If in connection with the maki
Page 193 and 194:
13.3 Any decision of the Committee
Page 195 and 196:
18. Taxes All taxes (including inco
Page 197 and 198:
Serial No: To: The Committee Ocean
Page 199 and 200:
To: The Committee Ocean Sky Share O
Page 201:
This page has been intentionally le
show all

Ocean Sky International Limited - Ocean Sky International Ltd ...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?