Directors' Report
The Directors submit their report together with the audited accounts of the
Company and of the Group for the year ended 31 December 2001.
- Principal Activities
The principal activities of the Group consist of property investment, development and management, and property-related
services.
The principal activity of the Company is that of a holding, management and investment company.
- Results
There were no material transfers to or from provisions during the year except for amounts set aside for such items as
depreciation, provisions for doubtful debts, provisions for write-down in values of landbank and income tax as disclosed in
the accounts.
- Dividends
During the year, a final dividend of 6% (or 3.0 cents per share) less tax amounting to $16,045,000, in respect of the
previous year as proposed in the Directors’ report for that year, was paid to shareholders.
The Directors propose that a final dividend of 6% (or 3.0 cents per share) less tax, amounting to $16,049,000 on the
existing issued share capital, be paid for the current financial year.
Keppel Land Limited
- Share Issues
During the year, the Company issued the following shares of $0.50 each, fully paid:
194,000 shares under the Keppel Land Share Option Scheme, comprising 27,000 shares at $1.58 per share, 67,000 shares
at $0.56 per share and 100,000 share at $1.71 per share.
Shares issued by subsidiary companies during the year were as follows:
- Acquisition and Disposal of Shares in Subsidiaries
Shares in the following subsidiary were acquired during the year:
- Directors
The Directors in office at the date of this report are:
Lim Chee Onn, Chairman
Kevin Wong Kingcheung, Managing Director
Lim Leong Geok
Thai Chee Ken
Khor Poh Hwa
Lim Ho Kee (Appointed on 8 November 2001)
Tsui Kai Chong (Appointed on 8 November 2001)
Loh Wing Siew
Choo Chiau Beng
Teo Soon Hoe
Mr Alan F.C. Choe and Dr Kwa Soon Bee retired as Directors of the Company on 22 May 2001.
The Directors holding office at the end of the financial year and their interests in the share capital of the Company and
related companies as recorded in the register of Directors’ shareholdings were as follows:
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