News

NOTICE OF A CHANGE IN THE PERCENTAGE LEVEL OF A SUBSTANTIAL SHAREHOLDER'S INTEREST

BackSep 30, 2009

Part I

Date of notice to issuer

30/09/2009

Name of Substantial Shareholder

Tiong Kiu King

Notice Type

Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.

Part II - Not Required

Part III

Date of change of Interest

29/09/2009

The change in the percentage level

From 28.03 % To 24.68 %

Circumstance(s) giving rise to the interest or change in interest

# Others

Pursuant to the Placement Agreement dated 16 September 2009 between the Company, Kim Eng Securities Pte Ltd (the "Placement Agent") and Surreyville Pte Ltd ("Surreyville") and the completion of the placement exercise, as announced on 16 September 2009 and 29 September 2009 respectively, the Company has issued 54,500,000 new ordinary shares to Surreyville to complete the placement exercise.

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

A transaction.

Part IV

Holdings of Substantial Shareholder, including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	112,500,000
As a percentage of issued share capital	0 %	28.03 %
No. of shares held after the change	0	112,500,000
As a percentage of issued share capital	0 %	24.68 %
Footnotes	(1) Tiong Kiu King's deemed interest arises from his shareholding in Sharptone Investments Limited. (2) The percentage of issued share capital before change is based on the Company's issued share capital of 401,321,443 shares (before Placement). (3) The percentage of issued share capital after change is based on the enlarged share capital of 455,821,443 shares.