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News
NOTICE OF A CHANGE IN THE PERCENTAGE LEVEL OF A SUBSTANTIAL SHAREHOLDER'S INTEREST
| Part I |
| 1. |
Date of notice to issuer |
22/09/2009 |
| 2. |
Name of Substantial Shareholder |
Surreyville Pte Ltd |
| 3. |
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 |
| 1. |
Date of change of Interest |
17/09/2009 |
| 2. |
The change in the percentage level |
From 50.56 % To 36.98 % |
| 3. |
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") as announced on 16 September 2009, Surreyville has agreed to lend 54,500,000 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. |
| 4. |
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 |
| 1. |
Holdings of Substantial Shareholder, including direct and deemed interest : |
| |
| |
Direct |
Deemed |
| No. of shares held before the change |
202,889,486 |
0 |
| As a percentage of issued share capital |
50.56 % |
0 % |
| No. of shares held after the change |
148,389,486 |
0 |
| As a percentage of issued share capital |
36.98 % |
0 % |
| Footnotes |
The percentage of issued share capital is based on the Company's issued share capital of 401,321,443 shares. |
|