S P Setia AR 2014 Background Image
Table of Contents Table of Contents
Previous Page  88 / 234 Next Page
Information
Show Menu
Previous Page 88 / 234 Next Page
Page Background

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:-

(i)

Mr Ng Soon Lai @ Ng Siek Chuan

Chairman of the Audit Committee and Senior Independent Director

E :

siekchuan54@gmail.com

(ii)

Ms LeeWai Ngan

Ms ChanToyeYing

Company Secretaries

E :

systems@ssassociates.com.my

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:-

Purpose

Proposed

utilisation

RM’000

Actual

utilisation

RM’000

Reallocation

RM’000

Balance

unutilised

RM’000

Existing projects and general working capital requirements

550,000

(347,893)

-

202,107

Future expansion plans

181,900

(182,992)

1,092

-

Repayment of bank borrowings

200,000

(200,000)

-

-

Estimated expenses for the Corporate Exercise

10,958

(9,866)

(1,092)

-

Total

942,858

(740,751)

-

202,107

corporate Governance Statement

IV. Corporate Governance