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F i m a C o r p o r at i o n B e r h a d ( 2 1 1 8 5 - P ) •
A n n u a l R e p o r t 2 0 1 8
DIRECTORS’ INTERESTS (CONT’D.)
(8)
Dr. Roshayati binti Basir is deemed interested by virtue of the following:
(i)
Her shareholding in BHR of more than 20%. BHR is major shareholder of Nationwide Express Holding Berhad (“NEHB”);
(ii)
Her mother, Puan Sri Datin Hamidah binti Abdul Rahman’s direct shareholding in NEHB; and
(iii)
Her sister, Rozilawati binti Haji Basir’s indirect shareholding of 3,806,512 held under M&A Nominees (Tempatan) Sdn.
Bhd..
Other than as stated above, none of the other directors in office at the end of the financial year had any interests in shares in the
Company or its related corporations during the financial year.
TREASURY SHARES
During the financial year, the Company repurchased 198,600 of its issued ordinary shares.
As at 31 March 2018, the Company held as treasury shares a total of 4,371,100 of its 245,324,330 issued ordinary shares. Such
treasury shares are held at a carrying amount of approximately RM4,577,000. Further details are disclosed in Note 24 to the financial
statements.
IMMEDIATE, PENULTIMATE AND ULTIMATE HOLDING COMPANIES
The immediate, penultimate and ultimate holding companies are Fima Metal Box Holdings Sdn. Bhd., Kumpulan Fima Berhad and
BHR Enterprise Sdn. Bhd. respectively, all of which were incorporated in Malaysia. The penultimate holding company is listed on
the Main Market of Bursa Malaysia Securities Berhad.
OTHER STATUTORY INFORMATION
(a)
Before the statements of comprehensive income and statements of financial position of the Group and of the Company were
made out, the directors took reasonable steps:
(i)
to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of allowance for
doubtful debts and satisfied themselves that there were no known bad debts and that adequate allowance had been
made for doubtful debts; and
(ii)
to ensure that any current assets which were unlikely to realise their values as shown in the accounting records in the
ordinary course of business had been written down to an amount which they might be expected so to realise.
(b)
At the date of this report, the directors are not aware of any circumstances which would render:
(i)
it necessary to write off any bad debts or the amount of the allowance for doubtful debts inadequate to any substantial
extent; and
(ii)
the values attributed to the current assets in the financial statements of the Group and of the Company
misleading.
Directors’ Report