Hong Fok

[Vseeker]

a well known fact: each one of HongFok's top four overpaid DIRs, is paid more than the entire Board-of-Directors in some other SGX-listed companies !!

Here's HongFok's top four overpaid DIRs in 2012
Name ......................Remuneration Band
Mr Cheong Sim Eng : $2,750,000 to $2,999,999
Mr Cheong Kim Pong : $2,750,000 to $2,999,999
Mr Cheong Pin Chuan : $2,000,000 to $2,249,999
Ms Cheong Hooi Kheng : $1,750,000 to $1,999,999

below what's the entire Board-of-Directors for some other SGX companies get in 2012.

FEOrchard:... total compensation to directors - $1,708,000 (2011: $482,000) =} FEOrchard's total been < $0.5m mark for many yrs, big jump in FY2012 due to appointment of LucasChow
HiapHoe : Directors’ remuneration and fees totalled $1,430,774 (2011: $1,177,338) and $136,000 (2011: $158,000) respectively.
Heeton: Directors of the Company $1,214,000 (2011: $ 1,640,000)

and though little, all above three other companies have also been paying out more dividends p.a. than HongFok ever does !,
though no doubt shrhldrs of these three companies, still felt the divs payouts, are still far too little, and the companies can afford to pay out much more.