86 | S P SETIA BERHAD GROUP | Annual Report 2014
5.2 Communications between the Company and Investors
The Company values the importance of having effective communication with its shareholders and investors.
Information disseminated is clear, relevant and comprehensive, which is timely and readily accessible by all stakeholders. Effective
communication channels with the Company’s shareholders, stakeholders and the public are maintained through the dissemination
of press releases, press conferences, timely announcements and disclosures made to Bursa Securities.
The Company’s Investor Relations Department plays an important role in providing ongoing updates on the Group’s development
activities and conducting regular dialogues and discussions with fund managers, financial analysts, shareholders and media. These
meetings provide a vital avenue and direct channel of communication where financial analysts and institutional fund managers
can gain a better understanding of the businesses and direction of the Group; enter into constructive dialogues and discussions
based on the mutual understanding of objectives; and where relevant feedback is factored into the Company’s business decisions.
Media are also invited to attend the Company’s major events and property launches where briefings are given on the relevant
projects. Currently, the Company is covered by 21 local and foreign research houses and brokerages. The Company will continue to
participate in investor conferences/roadshows locally and abroad.
A press conference is held after each AGM where the President/CEO, Deputy President/COO and Chief Financial Officer together
with the relevant Senior Management would advise the media on the resolutions approved by the shareholders and brief the media
on the operations, performance and financial results of the Group for the year under review and clarify issues and answer questions
posed by the media. As such, the press conferences are intended not only to promote the dissemination of the financial results of
the Group to as wide an audience as possible, but also to keep the investing public and shareholders updated on the progress and
development of the business of the Group.
Any queries or concerns relating to the Group may be conveyed to the following persons:-
Mr Ng Soon Lai @ Ng Siek Chuan
Chairman of the Audit Committee and Senior Independent Director
Ms LeeWai Ngan
T : 03-2161 5466
F : 03-2163 6968
ADDITIONAL COMPLIANCE INFORMATION
UTILISATION OF PROCEEDS RAISED FROM CORPORATE PROPOSALS
As at 31 October 2014, the status of the utilisation proceeds raised under the Placement exercise which was completed on 25 February 2013
amounting to RM942.86 million is set out below:-
Existing projects and general working capital requirements
Future expansion plans
Repayment of bank borrowings
Estimated expenses for the Corporate Exercise
corporate Governance Statement
IV. Corporate Governance