MKH Berhad 83 DIRECTORS’ INTERESTS (CONT’D) (b) Shareholdings in subsidiary - Srijang Kemajuan Sdn. Bhd. Number of ordinary share At At 1 October 30 September 2020 Bought Sold 2021 Direct interests: Tan Sri Dato’ Chen Kooi Chiew @ Cheng Ngi Chong 1 - - 1 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 emoluments received or due and receivable by directors as shown in Note 7 to the financial statements or the fixed salary of a full time employee of the Company) 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 other than any benefits which may be deemed to have arisen from transactions entered into in the ordinary course of business as disclosed in Note 38 to the financial statements. During and at the end of the financial year, no arrangements subsisted to which the Company is a party, being arrangements with the object of enabling directors of the Company to acquire benefits by means of the acquisition of shares in, or debentures of, the Company or any other body corporate. RESERVES AND PROVISIONS All material transfers to or from reserves and provisions during the financial year are disclosed in the financial statements. STATUTORY INFORMATION ON THE FINANCIAL STATEMENTS Before financial statements of the Group and of the Company were prepared, the directors took reasonable steps: (i) to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of allowance for doubtful debts and had satisfied themselves that all known bad debts had been written off and that adequate allowance had been made for doubtful debts; and (ii) to ensure that any current assets which were unlikely to realise in the ordinary course of business including their values as shown in the accounting records of the Group and of the Company had been written down to an amount which they might be expected so to realise. Directors’ Report
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