additional compliance information a. Status of Utilisation of Proceeds As at 23 February 2016, the Group has fully utilised the proceeds from the following corporate proposal: (i) Disposal of 50% equity interest in Gumusut-Kakap Semi-Floating Production System (L) Limited, a wholly-owned subsidiary of MISC Berhad (“MISC”), to E&P Venture Solutions Co. Sdn. Bhd., a wholly-owned subsidiary of PETRONAS Carigali Sdn. Bhd. which was completed on 14 December 2012. b. Material Contracts Save for the following contract, there were no other material contracts entered into by the Company and its subsidiaries, involving the Directors’ and/or major shareholders’ interests, still subsisting at the end of the financial year ended 31 December 2015 or, if not then subsisting, entered into since the end of the previous financial year:- (i) Agreement for Sale and Purchase of Shares entered into between MISC Berhad (“MISC”) and Petroliam Nasional Berhad (“PETRONAS”) for the acquisition by MISC of PETRONAS’ entire equity interest in PETRONAS Maritime Services Sdn. Bhd. c. Sanctions During the financial year, there were no sanctions and/or penalties imposed on the Company, Directors or Management by the relevant regulatory bodies. d. Share Buybacks The Company did not purchase any of its own shares during the financial year. e. Option, Warrants or Convertible Securities The Company did not offer any options or warrants during the financial year. f. Depository Receipt Programme The Company did not sponsor any depository receipt programme during the financial year. g. Profit Estimate, Forecast or Projection The Company did not announce any profit estimate, forecast or projection for the financial year. h. Profit Guarantee No profit guarantee was given by the Company in respect of the financial year. REDISCOVER I REBUILD I SUSTAIN 120
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