STAMFORD TYRES CORPORATION LIMITED
32 |
DRIVING IT UP
Internal Code on Dealings With Securities
The Group has adopted an internal code which prohibits the Company, directors and employees of the Group
from dealings in securities of the Company while in possession of price-sensitive information, and during the
period commencing two weeks and one month before the announcement of the quarterly and full year results
respectively, and ending on the date of announcement; In addition, directors and employees are expected to
observe insider trading laws at all times even when dealing in securities within the permitted period.
It also discourages dealings on short-term considerations. Directors and employees are required to report
securities dealings to the Company Secretary who will assist to make the necessary announcements.
Interested Person Transactions
The Group has established procedures to ensure that all transactions with interested persons are reported in a
timely manner to the AC and that the transactions are conducted at arm’s length basis and on normal commercial
terms and will not be prejudicial to the interests of the Company and its shareholders. All interested person
transactions are subject to review by the AC to ensure compliance.
During the year, the following interested person transactions were entered with a company in which the two
executive directors are also directors/shareholders and have substantial financial interest:-
Name of interested person
Aggregate value of all interested
person transactions conducted
during the financial year
(excluding transactions below
$100,000 and transactions
conducted under the
shareholders’ mandate pursuant
to Rule 920)
Aggregate value of all interested
person transactions conducted
under shareholders’ mandate
pursuant to Rule 920 (excluding
transactions less than $100,000)
Wah Holdings Pte Ltd
(1)
$174,400
Nil
(1)
Mr Wee Kok Wah and Mrs Dawn Wee Wai Ying are directors/shareholders of Wah Holdings Pte Ltd.
The Company does not have a shareholders’ mandate for interested person transactions pursuant to Rule 920 of
the Listing Manual.
Corporate Governance
(Cont’d)
