| Part I |
| 1. |
Date of notice to issuer |
08/06/2012 |
| 2. |
Name of Substantial Shareholder |
Argyle Street Management Limited |
| 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 Deemed Interest |
07/06/2012 |
| 2. |
The change in the percentage level |
From 54.99 % To 54.85 % |
| 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. |
A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: |
The change is the result of a series of transactions. |
| Part IV |
| 1. |
Holdings of Substantial Shareholder, 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) Argyle Street Management Limited ("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").
ASML 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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