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

BackMar 14, 2008
Part I
1. Date of notice to issuer 13/03/2008
2. Name of Substantial Shareholder CHEUNG KWAN
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 04/03/2008
2. The change in the percentage level From 6.69 % To 9.09 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

- Purchase of 9,701,000 shares in the listed company via a married deal on 27 February 2008.

- Purchase of 7,107,513 shares in the listed company from Northeastern Holdings Pte Ltd ("Northeastern") via a married deal on 4 March 2008.

Cheung Kwan holds 45.24% shareholding interest in Northeastern.
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 series of transactions.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 27,107,513
As a percentage of issued share capital 0 % 6.69 %
No. of shares held after the change 16,808,513 20,000,000
As a percentage of issued share capital 4.15 % 4.94 %
Footnotes (a) This announcement is to supersede the Announcement No. 00137 made on 10 March 2008.

(b) Cheung Kwan is deemed to be interested in the shares of the listed company held by Northeastern by virtue of Section 7 of the Companies Act, Cap. 50.

(c) The percentages are computed based on 405,010,010 issued shares.