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

BackAug 03, 2012
Part I
1. Date of notice to issuer 03/08/2012
2. Name of Substantial Shareholder SIM SOON YING
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 03/08/2012
2. The change in the percentage level From 45.75 % To 44.23 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Dilution of percentage shareholding as a result of the placement of 7,346,939 new ordinary shares in the capital of the Company pursuant to the terms and conditions as specified in the proposed acquisition of Top Great Engineering & Marine Pte Ltd
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 9,700,000 87,987,000
As a percentage of issued share capital 4.54 % 41.21 %
No. of shares held after the change 9,700,000 87,987,000
As a percentage of issued share capital 4.39 % 39.84 %
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 213,512,373 shares rounded to 2 decimal places.

iii) The percentage of issued share capital after the change is based on 220,859,312 shares as at 3 August 2012 rounded to 2 decimal places.