Hanwell Holdings (formerly: PSC Holdings)

[Yoyo]

hi karlmax,
Hoping any accounting-trained VBs to verify what i just mentioned earlier.

For IDs, it is not true as their directorship are not executive in nature and since Hanwell and Tat Seng are separate entities with (technically) different board representatives. I have seen some cases in which a parent co. has a representative on its subsidiary co's board (non executive director), and the director fees are paid as "related party transactions" to the parent co.

Hi weijian

I concur with your understanding.  The declaration under Tat Seng relate to the company Tat Seng alone, whereas the declaration under Hanwell relates to the Group of Companies under the Holding company Hanwell.  

Extract from Hanwell AR - 
Summary compensation table of the Directors receiving remuneration from the Group for the financial year ended 31 December 2016 is set out below:

Thus, for example, the remuneration for Allan Yap is S$1458k in total from all the companies under the Hanwell Group.