Further to our announcement
on 31 March 2003 of our full
year financial results for
the year ended 31 December
2002, SGX has written to
Sinwa KS Limited ("the
Company") on 4 April 2003 to
disclose the aggregate value
of interested person
transactions entered during
the period under review in
the form set out in Rule 907
of the Listing Manual.
We provide the following
disclosure under Rule
920(1)(a)(ii) and Rule 907
of the Listing Manual on the
aggregate value of
interested person
transactions conducted for
the financial year ended 31
December 2002:-
|
Name of
interested
person
|
Aggregate value
of all
interested
person
transactions
(excluding
transactions
less than
$100,000 and
transactions
conducted under
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)
|
|
Aqua-Terra Supply
(2001) Co. Pte Ltd |
$' 000
|
$'000
|
|
Sales of goods |
194
|
NA
|
|
Purchases of goods |
163
|
NA
|
The principal activities of
Aqua-Terra are the agency
and distribution of hardware
and parts for the oil and
gas and petrochemical
industries. It is a wholly
owned subsidiary of one of
our controlling
shareholders, KS Tech
Limited.
In the current financial
year ended 31 December 2002,
our subsidiary, KS Seafirst,
sold spares and parts to an
external customer through
Aqua-Terra, which was the
designated supplier. KS
Seafirst also purchase
spares and parts from
Aqua-Terra in the ordinary
course of business.
The above transactions are
on arm's length basis and
according to normal
commercial terms and are not
prejudicial to the interests
of the Company and its
minority shareholders.
