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Notice Of Cessation Of Substantial Shareholding

BackOct 25, 2012
Part I
1. Date of notice to issuer 25/10/2012
2. Name of Substantial Shareholder Ong Holdings (Private) Limited
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 Deemed Interest 10/05/2011
2. The change in the percentage level From 6.00 % To 0.00 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Ong Holdings (Private) Limited ("OHPL") holds not less than 20% voting shares in Hwa Hong Corporation Limited which in turn holds 100% of Singapore Warehouse Company (Private) Limited ("SWC"). SWC is a substantial shareholder of the Company.

On 10 May 2011, OHPL has transferred all its shares in Hwa Hong Corporation Limited. Accordingly, OHPL has ceased to hold a deemed interest in the shares held by SWC.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change is a 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 0 5,500,000
As a percentage of issued share capital 0.00 % 6.00 %
No. of shares held after the change 0 0
As a percentage of issued share capital 0.00 % 0.00 %
Footnotes The percentages are calculated based on 91,547,826 issued shares (excluding 7,452,000 treasury shares)
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