REPORT ON CORPORATE GOVERNANCE
18. Interested Person Transactions
Pursuant to the requirements as stipulated under Rule 1207(17) and Rule 907 of the SGX-ST Listing Manual, the Group has not
obtained any general mandates from shareholders for interested person transaction during the financial year.
During the financial period, the following interested person transactions were entered into by the Group:
Aggregate value of all interested
person transactions during the
financial period (excluding transactions
less than S$100,000 and transactions
conducted under shareholders’ mandate
pursuant to Rule 920)
S$
FY 2014
FY 2013
Fees for Consultancy Services
Mr Tan Mok Koon
175,192
615,806
Mr Richard Last (resigned on 28 November 2013)
−
205,644
Acquisition of 66% of the total issued
(148,074)**
(235,386)*
and paid up share capital of
Power Diesel Engineering Pte Ltd
Subscription of 80% for the total issued
−
13,600,000
and paid up share capital of the newly
incorporated subsidiary – S3 ID Pte Ltd
Total interested person transactions
27,118
14,186,064
*Reduction in second tranche payment
**Reduction in third tranche payment
19. Material Contracts
Pursuant to the requirements as stipulated under Rule 1207(8) of the SGX-ST Listing Manual, except for the interested person
transactions disclosed under item 17, there were no material contracts of the Company or its subsidiary companies involving
the interests of any Directors of the Company, the Managing Director of the Company or any controlling shareholders of the
Company or their associates, either still subsisting at the end of the financial year or if not then subsisting, entered into since the
end of the previous financial year.
On behalf of the Directors,
Lee Soo Hoon Phillip
Lam Kwok Chong
Chairman, Audit and Risk Committee
Director
Singapore
18 March 2015
44
CSE Global Limited
