Page 52 - ar2013.pdf

50
COSCO Corporation (Singapore) Limited
E. INTERESTED PERSON TRANSACTIONS (“IPTS”) POLICY (CONTINUED)
As at
31/12/2013
As at
31/12/2012
S$’000 S$’000
Balances placed with a fellow subsidiary, COSCO Finance Co., Ltd :
- Cash at bank 286,908 187,552
- Short-term bank deposits 439,612 407,625
726,520 595,177
Loan from a fellow subsidiary, COSCO Finance Co., Ltd 2,086 33,712
F. DEALING IN SECURITIES
In line with Chapter 12 Rule 1207(19) of the Listing Manual on dealings in securities, the Company has adopted an internal
compliance code which provides guidance to its Directors and officers in relation to dealings in its securities.
The Listing Manual prohibits securities dealings by the Directors and employees while in possession of price-sensitive
information. The Management should not deal in the Company’s shares on short-term considerations. The Company issues
regular circulars to its Directors, principal officers and relevant officers who have access to unpublished material price-sensitive
information to remind them of the aforementioned prohibition and to remind them of the requirement to report their dealings
in shares of the Company. The Directors and employees are also prohibited from dealing in the securities of the Company during
the period commencing two weeks before the announcement of financial results of the Company for each of the first, second
and third quarters of its financial year or one month before the announcement of the Company’s full year financial statements.
CORPORATE
GOVERNANCE
Corporate Gover nance and Transparency