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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 |
18/08/2009 |
| 2. |
Name of Director |
Dato' Sri 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 |
17/08/2009 |
| 2. |
Name of Registered Holder |
Surreyville Pte Ltd |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
# Others
(1) Issue of 15,000,000 shares in the capital of the Company at the issue price of S$0.80 per share, in consideration of the conversion of loans amounting to an aggregate S$12 million owing to Surreyville Pte Ltd by the Company (the "Debt Conversation Shares").
(2) Issue of 112,500,000 Consideration Shares at the issue price of S$0.80 per share, being satisfaction of part purchase consideration payable by the Company to Tan Sri Datuk Sir Tiong Hiew King and Tiong Kiu King (the "Vendors") for the acquisition of the entire share capital of Kingworld Resources Limited. The Consideration Shares were allotted to Sharptone Investments Limited ("Sharptone"), an investment holding company nominated by the Vendor. The entire share capital of Sharptone is held by the Vendors in equal proportion. |
| 4. |
Information relating to shares held in the name of the Registered Holder |
| |
| No. of Shares held before the change |
187,889,486 |
| As a percentage of issued share capital |
68.62 % |
| No. of Shares which are subject of this notice |
15,000,000 |
| As a percentage of issued share capital |
5.48 % |
| Amount of consideration (excluding brokerage and stamp duties) per share paid or received |
0 |
| No. of Shares held after the change |
202,889,486 |
| As a percentage of issued share capital |
74.1 % |
|
| Part III - Not Required |
| Part IV |
| 1. |
Holdings of Director, including direct and deemed interest : |
| |
| |
Direct |
Deemed |
| No. of shares held before the change |
0 |
187,889,486 |
| As a percentage of issued share capital |
0 % |
68.62 % |
| No. of shares held after the change |
0 |
202,889,486 |
| As a percentage of issued share capital |
0 % |
50.56 % |
| Footnotes |
(1) Dato' Sri Dr Tiong Ik King's deemed interest arises from his shareholding in Woodsville International Limited, the holding company of Surreyville Pte Ltd.
(2) The percentage of issued share capital before change is based on the issued share capital of 273,821,443 shares (before the issue of the Debt Conversion Shares and the Consideration Shares).
(3) The percentage of issued share capital after change is based on the Company's enlarged share capital of 401,321,443 shares.
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