DEALINGS IN SECURITIES
The Company has complied with and adopted policies in line with Rule
1207(19) of the SGX-ST Listing Manual on dealings in the Company’s
securities. The Company’s internal compliance code provides guidance to its
officers and employees with regard to dealings in the Company’s securities.
The Group’s officers and employees are prohibited from dealing in the
Company’s securities while in possession of unpublished price-sensitive
information of the Group, as well as during the periods commencing two
weeks before the announcement of the Company’s quarterly results and
one month before the announcement of the Company’s full year results and
ending on the date of the announcement of the relevant results. The Group’s
officers and employees are also discouraged from dealing in the Company’s
securities on short-term considerations.
All directors are required to seek Board’s approval before trading in the
Company’s shares.
MATERIAL CONTRACTS AND LOANS
Pursuant to Rule 1207(8) of the Listing Manual of the SGX-ST, except as
disclosed in the Directors’ Statement and Notes to the Financial Statements,
the Company and its subsidiary companies did not enter into any material
contracts and loans involving the interests of any directors or any controlling
shareholders of the Company or its associates during the financial year.
INTERESTED PERSON TRANSACTIONS
The Company has adopted an internal policy in respect of any transactions
with interested persons and has set out the procedures for quarterly review
by the AC and approval of the interested person transactions to be entered
into by the Group to ensure that all transactions with interested persons are
reported in a timely manner to the AC and that transactions are conducted
on an arm’s length basis on terms that are not prejudicial to the interests of
the shareholders.
Governance
Disclosure Guide
ASL Marine Holdings Ltd.
Annual Report 2016
53
