| Part I |
| 1. |
Date of notice to issuer |
16/12/2009 |
| 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 |
15/12/2009 |
| 2. |
The change in the percentage level |
From 56.42 % To 55.69 % |
| 3. |
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. |
| 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 single transaction. |
| 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 % |
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) 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 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. |
|
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