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

BackFeb 14, 2012
Part I
1. Date of notice to issuer 14/02/2012
2. Name of Substantial Shareholder Chua Kim Choo
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 Interest 14/02/2012
2. The change in the percentage level From 52.10 % To 51.14 %
3. 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.
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 27,811,000 69,876,000
As a percentage of issued share capital 14.83 % 37.27 %
No. of shares held after the change 27,811,000 69,876,000
As a percentage of issued share capital 14.56 % 36.58 %
Footnotes i) Mdm Chua Kim Choo is deemed interested in the Shares held by Mr Sim Soon Ngee Glenndle, Ms Sim Wei Wei and Mr Sim Soon Ying. Mdm Chua Kim Choo is the mother of Mr Sim Soon Ngee Glenndle, 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