Amtel Holdings Berhad - Company Announcements - Bursa Malaysia

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DIRECTORS OF THE COMPANY (CONT’D)
Number of ordinary shares of RM1/- each
At At
1.12.02 Bought Sold 30.11.03
Interest in the Company
Indirect interest
Being shares held through a company in which
the Director is deemed interested
Ng Ah Chong 6,844,303 - (724,200) 6,120,103
Other than the Directors' direct and indirect interests shown above, the Directors who have substantial interest in the
shares of the Company are also deemed to have an interest in the shares of the subsidiary companies to the extent the
Company has an interest.
In accordance with Article 80 of the Company's Articles of Association, Mr. Koid Hun Kian and Tunku Dato’ Seri
Kamel bin Tunku Rijaludin retire by rotation at the forthcoming annual general meeting of the Company and, being
eligible, offer themselves for re-election.
DIRECTORS' BENEFITS
Since the end of the previous financial year, no director of the Company has received or become entitled to receive
any benefit (other than a benefit included in the aggregate amount of remuneration received or due and receivable by
directors and the estimated value of benefit-in-kind shown in the financial statements) by reason of a contract made
by the Company or a related corporation with the Director or with a firm of which the Director is a member, or with
a company in which the Director has a substantial financial interest.
Neither during nor at the end of the financial year, was the Company a party to any arrangement whose object is to
enable the Directors to acquire benefits by means of the acquisition of shares in or debentures of the Company or any
other body corporate.
SIGNIFICANT EVENTS
On 9 May, 2003, the Company via its wholly owned subsidiary company namely Amtel Resources Sdn. Bhd.
(“ARSB”) entered into an unconditional Share Sale Agreement with Loh Weng Sung (“the Purchaser”) for the
disposal of its entire 50% equity interest comprising 250,000 ordinary shares of RM1/- each in Kota Naluri Sdn. Bhd.
(“KNSB”) for a cash consideration of RM750,000/-.
Subsequently, on 3 July, 2003, ARSB entered into a Variation Agreement with the Purchaser and KNSB for the
settlement of the purchase consideration of RM750,000/- by way of the transfer of 12 parcels of properties which are
beneficially owned by the Purchaser to ARSB. The 11 parcels of properties were transferred to and registered in the name
of ARSB on 31 December, 2003 and 1 parcel of the property was transferred and registered on 5 January, 2004.
AUDITORS
The auditors, Messrs. Moore Stephens, have expressed their willingness to continue in office.
PETALING JAYA
Date: 23 March, 2004
Amtel Holdings Berhad 2003 annual report
On Behalf of the Board
Dato' Abdul Hamid bin Hj. Md. Zainuddin
Koid Hun Kian