News

Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackDec 16, 2009

Part I

Date of notice to issuer

16/12/2009

Name of Substantial Shareholder

Yeh V-Nee

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

Date of change of Deemed Interest

15/12/2009

The change in the percentage level

From 56.42 % To 55.69 %

Circumstance(s) giving rise to the interest or change in interest

# Others

Percentage change of interest as a result of the exercise of warrants by third parties.

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 single transaction.

Part IV

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 %	56.42 %
No. of shares held after the change	0	96,394,331
As a percentage of issued share capital	0 %	55.69 %
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 173,087,735 Ordinary Shares as at 15 December 2009. (iii) V Nee Yeh 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"). V Nee Yeh has a deemed interest in 96,394,331 shares before and after the change: a) 8,990,630 ordinary shares held in trust by ASMVL as nominee for ASMARMF; b) 10,827,202 ordinary shares held in trust by ASMVL as nominee for ASMHRF; c) 38,077,490 ordinary shares held by ASMARMF; d) 1,897,473 ordinary shares held by ASMHRF; e) 36,601,536 ordinary shares held by ASMVL. All of the shares are registered under their depository agent, HSBC (Singapore) Nominees Private Limited.