TIH Limited - Annual Report 2014 - page 92

Annual Report 2014 89
SUBSTANTIAL SHAREHOLDERS AS AT 12 MARCH 2015
(as shown in the Company’s Register of Substantial Shareholders)
Name of Substantial Shareholders
No. of Shares Held
Direct
Interest
Percentage
(%) of
Shareholding1
Deemed
Interest
Percentage
(%) of
Shareholding1
ASM Ventures Limited2 – – 48,802,048 20.19
ASM Asia Recovery (Master) Fund3 – – 111,559,541 46.16
ASM Asia Recovery Fund4 – – 111,559.541 46.16
ASM Hudson River Fund5 – – 65,768,281 27.21
Argyle Street Management Limited6 – – 129,011,216 53.38
Argyle Street Management Holdings
Limited6 – – 129,011,216 53.38
Kin Chan7 – – 129,011,216 53.38
V-Nee Yeh7 – – 129,011,216 53.38
Li Yick Yee Angie7 – – 129,011,216 53.38
Transpac Investments Limited 26,168,226 10.83 – –
Bastion Associates Limited8 – – 26,168,226 10.83
Techno-Ventures Hong Kong Limited9 – – 26,168,226 10.83
Leong Ka Cheong Christopher10 2 Not Meaningful 26,206,093 10.84
Notes:
1 Percentage computed is based on 241,685,638 shares in issue as at 12 March 2015. As at 31 December 2014, the number of shares in issue
was also 241,685,638.
2 ASM Ventures Limited (“ASMVL”) has 48,802,048 TIH shares registered in the name of its nominee, HSBC (Singapore) Nominees Pte Ltd
(“ HSBC”).
3 ASM Asia Recovery (Master) Fund (“ ASMARMF”) has 62,757,493 TIH shares registered in the name of its nominee, HSBC and Morgan
Stanley Asia Securities (Singapore) Pte. Limited. ASMARMF is also deemed interested in the 48,802,048 TIH shares owned by ASMVL as
it is the beneficial holder of more than 20% of the issued share capital in ASMVL.
4 ASM Asia Recovery Fund (“ ASMARF”) is deemed interested in the 111,559,541 TIH shares owned by ASMARMF as it is the beneficial
holder of more than 50% of the issued share capital in ASMARMF.
5 ASM Hudson River Fund (“ ASMHRF”) has 16,966,233 TIH shares registered in the name of its nominee, HSBC. ASMHRF is also deemed
interested in the 48,802,048 TIH shares owned by ASMVL as it is the beneficial holder of more than 20% of the issued share capital in
ASMVL.
6 Argyle Street Management Limited (“ ASML”) manages ASMARMF, ASMHRF and ASMARF and is the beneficial holder of more than
20% of the voting shares in ASMHRF and ASMARF, hence ASML is deemed interested in the 128,525,774 TIH shares collectively owned
by ASMHRF and ASMARF. ASML also has 485,442 TIH shares registered in the name of its nominee, Phillip Securities Pte Limited. Argyle
Street Management Holdings Limited is deemed interested in the 129,011,216 TIH shares owned by ASML as it is the beneficial holder of
more than 50% of the voting shares in ASML.
7 Messrs Kin Chan, V-Nee Yeh and Angie Li are deemed substantial shareholders through bodies corporate in which they each have controlling
interests.
8 Bastion Associates Limited (“Bastion”) is deemed interested in the 26,168,226 TIH shares held by Transpac Investments Limited (“ TIL”) as
it owns 71% of TIL.
9 Techno-Ventures Hong Kong Limited (“TVHK”) is deemed interested in the 26,168,226 TIH shares held by TIL as it owns 29% of TIL.
10 2 TIH shares are registered directly in the name of Dr Leong Ka Cheong Christopher (“Dr Leong”). Dr Leong also has 971,867 TIH
shares registered in the name of his nominee namely DBS Vickers Securities (S) Pte Ltd. In addition, Dr Leong is deemed interested in the
25,234,226 TIH shares held by TIL as he owns 58.83% of Bastion and 96.92% of TVHK; both companies in turn own 71% and 29% of TIL
respectively.