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

BackNov 19, 2009
Part I
1. Date of notice to issuer 19/11/2009
2. Name of Substantial Shareholder (1) Bastion Associates Limited (2) Techno-Ventures Hong Kong 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 19/11/2009
2. The change in the percentage level From 19.08 % To 0 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Exercise of Series A Warrants by Transpac Investments Limited
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 transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 3,793,890
As a percentage of issued share capital 0 % 19.08 %
No. of shares held after the change 0 0
As a percentage of issued share capital 0 % 0 %
Footnotes (i) Before the Change - the percentage of the Series A Warrants is calculated based on 19,881,324 Warrants outstanding as at 16 September 2009.
(ii) The percentage figures in Parts III & IV refers to the number of Series A Warrants
(iii) Bastion Associates Limited own 71% of Transpac Investments Limited ("TIL") and Techno-Ventures Hong Kong Limited own 29% of TIL. TIL is a substantial shareholder of Transpac Industrial Holdings Limited