The principal activities of the subsidiaries are manufacture and sales of

The principal activities of the subsidiaries are

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The principal activities of the subsidiaries are manufacture and sales of biscuits and coffee mix, and dealers in biscuits, confectionery and other foodstuff. Results There were no material transfers to or from reserves or provisions during the financial year other than those disclosed in the financial statements. In the opinion of the Directors, the results of the operations of the Group and of the Company during the financial year were not substantially affected by any item, transaction or event of a material and unusual nature. Dividends The amount of dividends paid by the Company since 31 December 2017 were as follows: On 19 February 2019, the Directors recommend a third interim single-tier dividend of 2 sen in respect of the financial year ended 31 December 2018 on 800,000,000 ordinary shares, amounting to a dividend payable of RM16,000,000. Such dividend will be payable on 5 April 2019. Company RM 46,077,770 46,077,770 Group RM 42,959,378 42,959,378 Profit net of tax Profit attributable to owners of the parent In respect of the financial year ended 31 December 2017 as reported in the Directors’ report of that year: Third interim single-tier dividend of 2 sen on 800,000,000 ordinary shares, declared on 26 February 2018 and paid on 3 April 2018. In respect of the financial year ended 31 December 2018: Interim single-tier dividend of 2 sen on 800,000,000 ordinary shares, declared on 30 August 2018 and paid on 9 October 2018. Interim single-tier dividend of 2 sen on 800,000,000 ordinary shares, declared on 30 November 2018 and paid on 8 January 2019 RM 16,000,000 16,000,000 16,000,000 48,000,000 Annual Report 2018 [ Directors’ Report ] 40 Hup Seng Industries Berhad (Company No: 226098-P)
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Directors The names of the Directors of the Company in office since the beginning of the financial year to the date of this report are: ** These directors are also directors of the Company’s subsidiaries. The names of the Directors of the Company’s subsidiaries in office since the beginning of the financial year to the date of this report (not including those directors listed above) are: Directors’ benefits Neither at the end of the financial year, nor at any time during that year, did there subsist any arrangement, to which the Company was a party, whereby the Directors might acquire benefits by means of the acquisition of shares in, or debentures of the Company or any other body corporate. Since the end of the previous financial year, no Director has received or become entitled to receive benefits (other than benefits included in the aggregate amount of emoluments received or due and receivable by the Directors or the fixed salary of a full-time employee of the Company) by reason of a contract made by the Company or a related corporation with any Director or with a firm of which he/she is a member or with a company in which he/ she has a substantial financial interest, except as disclosed in Note 21 to the financial statements. Y. Bhg. Dato’ Keh (Kerk) Chu Koh** (Chairman) Y. Bhg. Dato’ Wee Hoe Soon @ Gooi Hoe Soon (Alternate Director to Lim Poh Seong) Kerk Chiew Siong** (Vice Chairman) Kuo Choo Song** (Managing Director) Kerk Chian Tung** (Executive Director) Teo Lee Teck** (Non-Independent Non-Executive Director)
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