News

30 Sep 2008

Notice Of Cessation Of Substantial Shareholding

Part I
1. Date of notice to issuer 26/09/2008
2. Name of Substantial Shareholder TAN KIM SENG
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 26/09/2008
2. The change in the percentage level From 51.97 % To 3.71 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Allotment of 1,652,714,429 shares in consideration for the sale of the entire issued share capital of Fortune Court Holdings Limited to the Company under the Sale and Purchase Agreement.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change in percentage level is the result of a transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 66,000,000 0
As a percentage of issued share capital 51.97 % 0 %
No. of shares held after the change 66,000,000 0
As a percentage of issued share capital 3.71 % 0 %
  Direct Deemed
No. of shares held before the change 66,000,000 0
As a percentage of issued share capital 51.97 % 0 %
No. of shares held after the change 66,000,000 0
As a percentage of issued share capital 3.71 % 0 %