Cordlife Group Limited
Annual Report 2016
43
Corporate
Governance Report
INTERESTED PERSON TRANSACTIONS
[Listing Manual, Rule 907]
There were no interested person transactions in FY2016.
MATERIAL CONTRACTS
[Listing Manual, Rule 1207(8)]
There were no material contracts of the Company or its subsidiaries involving the interest of the Chairman, the Group
CEO, the Director or controlling shareholder subsisting at the end of the financial year.
AUDITING FIRMS
[Listing Manual, Rule 1207(6)(c)]
The Group has complied with Rule 712 and Rule 715 in relation to auditing firms.
USE OF IPO PROCEEDS
[Listing Manual, Rule 1207(20)]
As at 30 June 2016, the Group has utilised approximately S$28.9 million of the IPO Proceeds as follows:
Estimated
Estimated
percentage of
Amount
Percentage of
amount
gross proceeds
utilised
gross proceeds
S$
raised from the
S$
raised from the
Intended Use of IPO Proceeds
(in millions)
IPO
(in millions)
IPO
Development and expansion of business and
operations in Singapore and overseas
16.6
55.9%
16.6
55.9%
Renovation of new headquarters and facility at
Yishun, A’Posh Bizhub
3.0
10.1%
1.0
3.4%
Investments in infrastructure relating to information
technology
2.0
6.7%
1.2
4.0%
Working capital and general corporate purposes
4.7
15.8%
6.4
21.5%
Expenses incurred in connection with the IPO
3.4
11.5%
3.7
12.5%
29.7
100.0%
28.9
97.3%
Note:
(1) The numbers in the table above may not exactly add due to rounding.
