Wah Seong Corporation Berhad Annual Report 2017

FINANCIAL STATEMENTS WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 66 DIRECTORS’ REPORT DIRECTORS’ INTERESTS According to the Register of Directors’ Shareholdings required to be kept under Section 59 of the Companies Act, 2016, none of the Directors who held office at the end of the financial year held any shares or debentures in the Company or its subsidiaries during the financial year except as follows: Number of ordinary shares As at 1.1.2017 Acquired Disposed As at 31.12.2017 The Company Dato’ Seri Robert Tan Chung Meng - direct interest 11,601,308 - - 11,601,308 - deemed interest # 310,511,267 - - 310,511,267 Chan Cheu Leong - direct interest 19,990,651 - - 19,990,651 - deemed interest* 40,632,627 - - 40,632,627 Giancarlo Maccagno - direct interest 16,537,177 - - 16,537,177 By virtue of his interests of more than 15% in the shares of the Company, Dato’ Seri Robert Tan Chung Meng is deemed to be interested in the shares of all the subsidiaries to the extent that the Company has an interest. # Deemed interest held through Wah Seong Enterprises Sdn. Bhd. (“ WSE ”), Wah Seong (Malaya) Trading Co. Sdn. Bhd. (“ WST ”) and Tan Kim Yeow Sendirian Berhad (“ TKYSB ”) pursuant to Section 8 of the Companies Act, 2016 (“ the Act ”). * Deemed interest held through Midvest Asia Sdn. Bhd. pursuant to Section 8 of the Act and includes interests of his spouse and children. DIRECTORS’ BENEFITS Since the end of the previous financial year, no Director has received or become entitled to receive a benefit (other than the benefits shown under Directors’ Remuneration in Note 42 and related party transaction in Note 40) by reason of a contract made by the Company or by a related corporation with the Director or with a firm of which the Director is a member, or with a company in which the Director has a substantial financial interest. Neither during nor at the end of the financial year was the Company or any of its subsidiaries a party to any arrangements whose object was to enable the Directors to acquire benefits by means of the acquisition of shares in, or debentures of, the Company or any other body corporate. DIRECTORS’ REMUNERATION Details of Directors’ remuneration are set out in Note 42 to the financial statements.