ANNUAL REPORT 2021 143 FINANCIAL STATEMENTS DIRECTORS’ INTERESTS (CONT’D) By virtue of his shareholdings in the Company, Wong Thean Soon is deemed to have interests in shares in its related corporations during the financial year to the extent of the Company’s interests, in accordance with Section 8 of the Companies Act 2016. The other directors holding office at the end of the financial year had no interest in shares in the Company or its related corporations during the financial year. DIRECTORS’ BENEFITS Since the end of the previous financial year, no director 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 shown in the financial statements or the fixed salary of a full-time employee of the Company or related corporations) 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 except for any benefits which may be deemed to arise from transactions entered into in the ordinary course of business with companies in which certain directors have substantial financial interests as disclosed in Note 44 to the financial statements. Neither during nor at the end of the financial year was the Group or the Company a party to any arrangements 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. DIRECTORS’ REMUNERATION The details of the directors’ remuneration paid or payable to the directors of the Company during the financial year are disclosed in Note 43 to the financial statements. INDEMNITY AND INSURANCE COST During the financial year, there was no indemnity given to or professional indemnity insurance effected for directors, officers or auditors of the Company. SUBSIDIARIES The details of the Company’s subsidiaries are disclosed in Note 5 to the financial statements. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR The significant events during the financial year are disclosed in Note 49 to the financial statements. SIGNIFICANT EVENTS OCCURING AFTER THE REPORTING PERIOD The significant events occurring after the reporting period are disclosed in Note 50 to the financial statements. DIRECTORS’ REPORT (CONT’D)
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