TAN CHONG MOTOR HOLDINGS BERHAD
Annual Report 2014
35
DIRECTORS’ REPORT
for the year ended 31 December 2014
Directors’ interests in shares
The interests and deemed interest in the ordinary shares of the Company and of its related corporations (other than wholly-
owned subsidiaries) of those who were Directors at financial year end as recorded in the Register of Directors’ Shareholdings
are as follows:
Number of ordinary shares of RM0.50 each
At
1.1.2014
Bought
Disposed/
Transferred
At
31.12.2014
Interest in the Company
Direct interests:
Dato’ Tan Heng Chew
26,419,362
566,000
- 26,985,362
Dato’ Khor Swee Wah @ Koh Bee Leng
9,540,390
22,000
-
9,562,390
Dato’ Haji Kamaruddin @ Abas bin Nordin
4,992
-
-
4,992
Seow Thiam Fatt
65,000
13,000
-
78,000
Indirect/Deemed interests:
Dato’ Tan Heng Chew
299,268,710 3,308,000 (16,482,480)
(1)
286,094,230
(2)
Dato’ Khor Swee Wah @ Koh Bee Leng
316,147,682 3,852,000 (16,482,480)
(1)
303,517,202
(2)
Dato’ Ng Mann Cheong
120,000
10,000
-
130,000
(3)
Ling Ou Long @ Ling Wuu Long
5,000
-
-
5,000
(3)
Notes:
(1)
Release of shares by Tan Chong Consolidated Sdn. Bhd. (“TCC”) by way of the 6
th
and final instalments to the exiting
minority shareholders named in the Court Order and Compromise and Settlement Agreement dated 22 June 2009
as amended by a Supplemental Agreement dated 28 July 2009 entered into between and amongst TCC and all of its
shareholders.
(2)
Including interests of spouse and children by virtue of Section 134(12)(c) of the Companies Act, 1965.
(3)
Interest of spouse by virtue of Section 134(12)(c) of the Companies Act, 1965.
By virtue of Dato’ Tan Heng Chew’s interests in the shares of the Company, he is also deemed interested in the shares of
the subsidiaries during the financial year to the extent that Tan Chong Motor Holdings Berhad has an interest. Details of his
deemed shareholdings in the subsidiaries are shown in Note 35 to the financial statements.
The remaining Directors holding office at 31 December 2014 did not have any interest in the ordinary shares of the Company
and of its related corporations during the financial year.
Directors’ benefits
Since the end of the previous financial year, no Director of the Company has received nor 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 the financial statements of the Group or of the Company and of 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, other than the professional fees received by a legal firm
in which a Director of the Company is a partner, and the relevant related party transactions as disclosed in Note 32 to the
financial statements.
