| Part I |
| 1. |
Date of notice to issuer |
20/08/2010 |
| 2. |
Name of Substantial Shareholder |
Ang Keng Boon |
| 3. |
Notice Type |
Notice of a New Substantial Shareholder's interest.
|
| Part II |
| 1. |
Date of change of Interest |
20/08/2010 |
| 2. |
Name of Registered Holder |
Ang Keng Boon/CIMB Securities (Singapore) Pte Ltd |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
# Others
Mr Ang becomes a substantial shareholder as a result of the allotment of 21,600,000 new ordinary shares in the capital of the Company (the "consideration shares") to him upon completion of the acquisition of his interest in TAT Petroleum Pte Ltd. The entire consideration shares are held by the escrow agent, Messrs Straits Law Practice LLC, in accordance with the escrow agreement dated 20 August 2010. |
| 4. |
Information relating to shares held in the name of the Registered Holder |
| |
| No. of Warrants held before the change |
558,000 |
| As a percentage of issued share capital |
0.32 % |
| No. of Warrants which are subject of this notice |
0 |
| As a percentage of issued share capital |
0 % |
| Amount of consideration (excluding brokerage and stamp duties) per share paid or received |
0 |
| No. of Warrants held after the change |
558,000 |
| As a percentage of issued share capital |
-
|
|
| Part III - Not Required |
| Part IV |
| 1. |
Holdings of Substantial Shareholder, including direct and deemed interest : |
| |
| |
Direct |
Deemed |
| No. of shares held before the change |
225,000 |
333,000 |
| As a percentage of issued share capital |
0.13 % |
0.19 % |
| No. of shares held after the change |
225,000 |
333,000 |
| As a percentage of issued share capital |
0.13 % |
0.19 % |
| Footnotes |
(i) Each warrant carrying the right to subscribe for one new ordinary share in the capital of the Company at an exercise price of S$0.23 for each new share.
(ii) The percentage is computed based on the issued warrant of 177,342,550 as at 20 August 2010.
(iii) Deemed interest: 333,000 warrants registered under CIMB Securities (Singapore) Pte Ltd. |
|
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