Notice Of A Substantial Shareholder's Interest

BackSep 27, 2011
Part I
1. Date of notice to issuer 27/09/2011
2. Name of Substantial Shareholder WONG KINGCHEUNG KEVIN
3. Notice Type Notice of a New Substantial Shareholder's interest.
Part II
1. Date of change of Interest 26/09/2011
2. Name of Registered Holder Mayban Nominees (s) Pte Ltd and Wong Kingcheung Kevin
3. Circumstance(s) giving rise to the interest or change in interest # Others

1.Acquisition of 89,246,000 Rights Shares from the open market.
2.Acceptance of Rights Shares pursuant to the Rights Cum Warrants Issue.
3.Subscription of 20,008,231 excess Rights Shares.
4. Information relating to shares held in the name of the Registered Holder
 
No. of Shares held before the change 235,000,000
As a percentage of issued share capital 4.96 %
No. of Shares which are subject of this notice 174,009,564
As a percentage of issued share capital 2.75 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.0055
No. of Shares held after the change 409,009,564
As a percentage of issued share capital 7.71 %
Part III - Not Required
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 235,000,000
As a percentage of issued share capital 0 % 4.96 %
No. of shares held after the change 25,246,000 383,763,564
As a percentage of issued share capital 0.40 % 6.07 %
Footnotes 1. The percentage of issued share capital before the change is based on 4,738,667,743 ordinary shares of the company.
2. The percentage of issued share capital after the change is based on 6,318,223,657 ordinary shares of the company.
3.Amount of consideration per share paid or received is the average price of:
a) 89,246,000 Rights Shares at $0.006; and
b) 84,763,564 Rights Shares at $0.005.