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News

Notice Of A Director's (Including A Director Who Is A Substantial Shareholder) Interest And Change In Interest

BackFeb 14, 2012

Part I

Date of notice to issuer

14/02/2012

Name of Director

Sim Soon Ngee Glenndle

Notice Type

Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest.

Part II

Date of change of Interest

14/02/2012

Name of Registered Holder

Sim Soon Ngee Glenndle

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

# Others

Dilution of percentage shareholding as a result of the issuance of 3,521,126 new ordinary shares in the capital of the Company as part satisfaction of the 1st payment tranche of the purchase consideration in connection with the proposed acquisition of certain assets of Team Precision Engineering and Team International Development.

Information relating to shares held in the name of the Registered Holder

No. of Shares held before the change	50,400,000
As a percentage of issued share capital	26.88 %
No. of Shares which are subject of this notice	0
As a percentage of issued share capital	0 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	0
No. of Shares held after the change	50,400,000
As a percentage of issued share capital	26.39 %

Part III - Not Required

Part IV

Holdings of Director, including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	50,400,000	47,287,000
As a percentage of issued share capital	26.88 %	25.22 %
No. of shares held after the change	50,400,000	47,287,000
As a percentage of issued share capital	26.39 %	24.76 %
Footnotes	i) Mr Sim Soon Ngee Glenndle is deemed interested in the Shares held by Mdm Chua Kim Choo, Ms Sim Wei Wei and Mr Sim Soon Ying. Mr Sim Soon Ngee Glenndle is the son of Mdm Chua Kim Choo and the brother of Ms Sim Wei Wei and Mr Sim Soon Ying. ii) The percentage of issued share capital before the change is based on 187,491,247 shares rounded to 2 decimal places. iii) The percentage of issued share capital after the change is based on 191,012,373 shares as at 14 February 2012 rounded to 2 decimal places.