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STAMFORD LAND CORPORATION LTD
CORPORATE GOVERNANCE STATEMENT
INTERESTED PERSON TRANSACTIONS (“IPTs”)
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on an arm’s length basis, on normal commercial terms consistent with the Group’s usual business practices
and policies, on terms which are generally no more favourable to those extended to unrelated third parties.
The Company maintains a register of all transactions carried out by the Group with interested persons.
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the Group’s internal controls.
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Name of Interested Person
Aggregate value of all IPTs
during FY2016
(excluding transactions
less than S$100,000 and
transactions conducted
under shareholders’ mandate
pursuant to Rule 920)
Aggregate value of
all IPTs conducted
during FY2016 under
shareholders’ mandate
pursuant to Rule 920
(excluding transactions
less than S$100,000)
(a)
Rental income from related parties
511,000
–
(b)
Recharges of services rendered from
related parties
483,000
–
(c)
Services received from a Director of
the Company
1,100,000
–
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the Group’s usual business practices and policies, on terms which are generally no more favourable to those
extended to unrelated third parties.
Material Contracts
There were no other material contracts or loans entered into by the Company and its subsidiaries involving
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financial year or, if not then subsisting, entered into since the end of the previous financial year.
