ANNUAL REPORT 2015 |
87
ISSUE OF SHARES AND DEBENTURES (cont’d)
The Bonus Shares issued rank pari passu with the then existing ordinary shares of the Company except that they are not entitled
to any dividends, rights, allotments and/or other distribution which were declared, made or paid prior to the date of allotment of
the Bonus Shares.
Concurrently, the Company implemented a share split involving a subdivision of every one (1) Bonia Shares of RM0.50 each (then
existing and Bonus Shares) into two (2) ordinary shares of RM0.25 each. Pursuant to the share split, 403,143,700 ordinary shares of
RM0.50 each of the Company were subdivided into 806,287,400 ordinary shares of RM0.25 each (“Share Split”).
Accordingly, the authorised share capital of the Company was subdivided from RM250,000,000 comprising 500,000,000 ordinary
shares of RM0.50 each to RM250,000,000 comprising 1,000,000,000 ordinary shares of RM0.25 each to facilitate the implementation
of the Share Split.
There were no other issues of shares or debentures during the financial year.
OPTIONS GRANTED OVER UNISSUED SHARES
No options were granted to any person to take up unissued ordinary shares of the Company during the financial year.
SHARE BUY-BACK AND RESALE OF TREASURY SHARES
In July 2014, the 507,000 ordinary shares of RM0.50 each repurchased by the Company pursuant to the share buy-back authorisation
granted by its shareholders on 21 November 2013 (“Shareholders’Authorisation 2013”) and held as treasury shares as at the end of
the financial year ended 30 June 2014, were resold to the market.
On 20 November 2014, the shareholders of the Company renewed the authorisation for the Company to repurchase up to 10%
of its own issued and paid up capital (“Shareholders’ Authorisation 2014”). However, no purchase, resale or cancellation of the
Company’s own shares was carried out under the Shareholders’ Authorisation 2014 during the financial year ended 30 June 2015.
DIRECTORS
The Directors who have held for office since the date of the last report are:
Chiang Sang Sem
(Group Executive Chairman cum Chief Executive Officer)
Chiang Fong Yee
(Alternate Director to Chiang Sang Sem)
Datuk Chiang Heng Kieng
(Group Managing Director)
Chiang Sang Bon
(Group Executive Director)
Chiang Fong Tat
(Group Executive Director)
Dato’ Sri Chiang Fong Seng
(Group Executive Director)
Chong Chin Look
(Group Finance Director)
Datuk Ng Peng Hong @ Ng Peng Hay (Senior Independent Non-Executive Director)
Dato’ Shahbudin Bin Imam Mohamad (Independent Non-Executive Director)
Chong Sai Sin
(Independent Non-Executive Director)
DIRECTORS’ REPORT
(cont’d)
