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News
Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest
Part I |
1. |
Date of notice to issuer |
07/05/2010 |
2. |
Name of Substantial Shareholder |
ASM Asia Recovery Fund |
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 |
06/05/2010 |
2. |
The change in the percentage level |
From 48.98 % To 47.98 % |
3. |
Circumstance(s) giving rise to the interest or change in interest |
# Others
Exercise of warrants by other third parties. |
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 level 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 |
83,669,656 |
As a percentage of issued share capital |
0 % |
48.98 % |
No. of shares held after the change |
0 |
83,669,656 |
As a percentage of issued share capital |
0 % |
47.98 % |
Footnotes |
(i) Before the Change - the percentage of the total issued shares is calculated based on 170,840,225 Ordinary Shares as at 10 December 2009.
(ii) After the Change - the percentage of the total issued shares is calculated based on 174,371,781 Ordinary Shares as at 6 May 2010.
(iii) ASM Asia Recovery Fund ("ASMARF") is the beneficial holder of more than 50% of the issued share capital of ASM Asia Recovery (Master) Fund ("ASMARMF"). ASMARMF is the beneficial holder of more than 20% of the issued share capital of ASM Ventures Limited ("ASMVL").
ASMARF has a deemed interest in 83,669,656 shares after the change:
a) 47,068,120 ordinary shares held by ASMARMF;
b) 36,601,536 ordinary shares held by ASMVL.
All of the shares are held by their depository agent, HSBC (Singapore) Nominees Private Limited.
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