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

BackNov 24, 2010
Part I
1. Date of notice to issuer 24/11/2010
2. Name of Substantial Shareholder Tan Kim Seng
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 15/11/2010
2. The change in the percentage level From 10.40 % To 8.58 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

As a result of Oriental Castle Sdn Bhd subscribed for 163,850,000 new ordinary shares in the share capital 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 in 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 80,646,574
As a percentage of issued share capital 0 % 10.40 %
No. of shares held after the change 0 80,646,574
As a percentage of issued share capital 0 % 8.58 %
Footnotes (1) The percentage of interests disclosed herein is calculated based on the following total number of issued shares in the capital of the Company:

(a) held before the change = 775,671,962
(b) held after the change = 939,521,962

(2) Tan Kim Seng is deemed to have an interest in the shares (registered in the name of Chye Hin Hardware Pte. Ltd.) by virtue of Section 7 of the Companies Act, Cap. 50