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

BackMay 04, 2012

Part I

Date of notice to issuer

04/05/2012

Name of Substantial Shareholder

SIM SOON YING

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

Date of change of Interest

04/05/2012

The change in the percentage level

From 51.14 % To 45.75 %

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

# Others

Dilution of percentage shareholding as a result of the placement of 22,500,000 new ordinary shares in the capital of the Company pursuant to the terms and conditions as specified in the subscription agreements dated 19 March 2012 with each of Heliconia Capital Management Pte. Ltd., in its capacity as general partner of SME-Co Investment Fund Limited Partnership, Dymon Asia Special Opportunities Fund, Mr Gay Chee Cheong and Mr Wong Chee Herng (collectively the "Subscribers").

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

Holdings of Substantial Shareholder, including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	9,700,000	87,987,000
As a percentage of issued share capital	5.08 %	46.06 %
No. of shares held after the change	9,700,000	87,987,000
As a percentage of issued share capital	4.54 %	41.21 %
Footnotes	i) Mr Sim Soon Ying is deemed interested in the Shares held by Mdm Chua Kim Choo, Mr Sim Soon Ngee Glenndle and Ms Sim Wei Wei. Mr Sim Soon Ying is the son of Mdm Chua Kim Choo and the brother of Mr Sim Soon Ngee Glenndle and Ms Sim Wei Wei. ii) The percentage of issued share capital before the change is based on 191,012,373 shares rounded to 2 decimal places. iii) The percentage of issued share capital after the change is based on 213,512,373 shares as at 4 May 2012 rounded to 2 decimal places.