| Part I |
| 1. |
Date of notice to issuer |
08/06/2012 |
| 2. |
Name of Director |
CHAN Kin |
| 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 |
07/06/2012 |
| 2. |
Name of Registered Holder |
HSBC (Singapore) Nominees Private Limited |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
# Others
Percentage change of interest as a result of (1) exercise of warrants by third parties; and (2) bonus issue of the company. |
| 4. |
Information relating to shares held in the name of the Registered Holder |
| |
| No. of Shares held before the change |
96,394,331 |
| As a percentage of issued share capital |
54.99 % |
| No. of Shares which are subject of this notice |
32,131,443 |
| As a percentage of issued share capital |
13.71 % |
| Amount of consideration (excluding brokerage and stamp duties) per share paid or received |
0 |
| No. of Shares held after the change |
128,525,774 |
| As a percentage of issued share capital |
68.7 % |
|
| 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 |
96,394,331 |
| As a percentage of issued share capital |
0 % |
54.99 % |
| No. of shares held after the change |
0 |
128,525,774 |
| As a percentage of issued share capital |
0 % |
54.85 % |
| Footnotes |
(i) Before the change - the percentage of the total issued shares is calculated based on 175,282,966 Ordinary Shares as at 17 April 2012.
(ii) After the change - the percentage of the total issued shares is calculated based on 234,314,106 Ordinary Shares as at 7 June 2012.
(iii) Kin Chan is a director of TIH and is the beneficial holder of more than 20% of the issued share capital of Argyle Street Management Holdings Limited ("ASMHL"). ASMHL is the beneficial holder of more than 50% of the voting shares of Argyle Street Management Limited ("ASML"). ASML is the beneficial holder of more than 20% of the voting shares of ASM Hudson River Fund ("ASMHRF") and ASM Asia Recovery Fund ("ASMARF"). ASMARF is the beneficial holder of more than 50% of the issued share capital of ASM Asia Recovery (Master) Fund ("ASMARMF"). ASMARMF and ASMHRF is the beneficial holder of more than 20% of the issued share capital of ASM Ventures Limited ("ASMVL").
Kin Chan has a deemed interest in 128,525,774 shares before and after the change:
a) 62,757,493 ordinary shares held by ASMARMF;
b) 16,966,233 ordinary shares held by ASMHRF;
c) 48,802,048 ordinary shares held by ASMVL.
All of the shares are registered under their depository agent, HSBC (Singapore) Nominees Private Limited. |
|
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