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News
NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST
Part I |
1. |
Date of notice to issuer |
26/03/2008 |
2. |
Name of Substantial Shareholder |
Dr Tiong Ik King |
3. |
Notice Type |
Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. |
Part II |
1. |
Date of change of Deemed Interest |
25/03/2008 |
2. |
Name of Registered Holder |
Surreyville Pte Ltd |
3. |
Circumstance(s) giving rise to the interest or change in interest |
# Others
Pursuant to the placement agreement dated 17 March 2008 between the Company, HL Bank (the "Placement Agent") and Surreyville Pte Ltd ("Surreyville"), which was announced on 17 March 2008:-
(a) On 24 March 2008, Surreyville had lend 40,000,000 Shares by way of transferring to the end-placees to facilitate the early settlement of the new shares to end-placees procured by the Placement Agent; and
(b) On 25 March 2008, the Company had issued 40,000,000 new ordinary shares to Surreyville to complete the placement exercise. |
4. |
Information relating to shares held in the name of the Registered Holder |
|
No. of Shares held before the change |
207,889,486 |
As a percentage of issued share capital |
88.91 % |
No. of Shares which are subject of this notice |
0 |
As a percentage of issued share capital |
0 % |
Amount of consideration (excluding brokerage and stamp duties) per share paid or received |
0 |
No. of Shares held after the change |
207,889,486 |
As a percentage of issued share capital |
- |
|
Part III - Not Required |
Part IV |
1. |
Holdings of Substantial Shareholder, including direct and deemed interest : |
|
|
Direct |
Deemed |
No. of shares held before the change |
0 |
207,889,486 |
As a percentage of issued share capital |
0 % |
88.91 % |
No. of shares held after the change |
0 |
207,889,486 |
As a percentage of issued share capital |
0 % |
75.92 % |
Footnotes |
a) The percentage of issued share capital before change is based on the issued share capital of 233,821,443 shares (before Placement).
b) The percentage of issued share capital after change is based on the enlarged share capital of 273,821,443 shares as at 25 March 2008.
c) Dr Tiong Ik King's deemed interest arises from his shareholding in Woodsville International Limited, the holding company of Surreyville. |
|