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PERENNIAL REAL ESTATE HOLDINGS LIMITED
Annual Report 2015
DIRECTORS’ STATEMENT
We are pleased to submit this annual report to the shareholders of the Company together with the audited financial statements
for the financial period from 1 July 2014 to 31 December 2015.
In our opinion:
(a)
the financial statements set out on pages 186 to 256 are drawn up so as to give a true and fair view of the financial
position of the Group and of the Company as at 31 December 2015 and the financial performance, changes in equity and
cash flows of the Group for the period from 1 July 2014 to 31 December 2015 in accordance with the provisions of the
Singapore Companies Act, Chapter 50 and Singapore Financial Reporting Standards; and
(b)
at the date of this statement, there are reasonable grounds to believe that the Company will be able to pay its debts as
and when they fall due.
The Board of Directors has, on the date of this statement, authorised these financial statements for issue.
DIRECTORS
The directors in office at the date of this statement are as follows:
Kuok Khoon Hong
(Appointed on 27 October 2014)
Ron Sim
(Appointed on 27 October 2014)
Chua Phuay Hee
(Appointed on 27 October 2014)
Eugene Paul Lai Chin Look
(Appointed on 27 October 2014)
Lee Suan Hiang
(Appointed on 27 October 2014)
Pua Seck Guan
(Appointed on 27 October 2014)
Ooi Eng Peng
(Appointed on 28 July 2015)
CHANGE OF COMPANY NAME
During the financial period, the Company changed its name from St. James Holdings Limited to Perennial Real Estate
Holdings Limited.
ARRANGEMENTS TO ENABLE DIRECTORS TO ACQUIRE SHARES AND DEBENTURES
Pursuant to the approval granted by the shareholders of the Company during the Extraordinary General Meeting (“EGM”) on
10 October 2014, the Company made an offer to issue consideration shares of up to 9,675,915 to Mr. Pua Seck Guan to
acquire his 51% interest in Perennial Real Estate Pte. Ltd. (the “Deferred PREPL Acquisition”). The Deferred PREPL Acquisition
is subject to certain terms and conditions and is expected to be completed on or about 27 July 2016.
Except for the above and the disclosure under the “directors’ interests in shares or debentures” and “share options” sections of
this report, neither at the end of nor at any time during the financial period was the Company a party to any arrangement whose
objects are, or one of whose objects is, to enable the directors of the Company to acquire benefits by means of the acquisition
of shares in or debentures of the Company or any other body corporate.
