26 Nov 2009
Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest
|1.||Date of notice to issuer||26/11/2009|
|2.||Name of Substantial Shareholder||Chan Hock Eng|
|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|
|1.||Date of change of Interest||26/11/2009|
|2.||The change in the percentage level||From 13.43 % To 23.56 %|
|3.||Circumstance(s) giving rise to the interest or change in interest||# Others
To facilitate the placement of 253,200,000 new shares of the Company, J.P. Morgan (S.E.A.) Limited ("JPM") entered into a share lending agreement dated 18 November 2009 with Leap Forward Holdings Limited ("LFH"), pursuant to which JPM had borrowed 253,200,000 existing shares from LFH for delivery to the placees, in settlement of the shares subscribed by the placees.
The Company has subsequently allotted and issued 253,200,000 new shares to LFH at the direction of JPM for the purpose of returning the borrowed shares to LFH. Chan Hock Eng is deemed interested in the shares of the Company held by LFH by virtue of Section 7 of the Companies Act (Cap. 50), due to his interest in shares of Zana Capital Pte Ltd.
|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 the percentage is the result of a transaction.|
|1.||Holdings of Substantial Shareholder, including direct and deemed interest :|
|No. of shares held before the change||0||256,330,634|
|As a percentage of issued share capital||0 %||13.43 %|
|No. of shares held after the change||0||509,530,634|
|As a percentage of issued share capital||0 %||23.56 %|