Notice Of Cessation Of Substantial Shareholding

BackOct 03, 2012
Part I
1. Date of notice to issuer 02/10/2012
2. Name of Substantial Shareholder Prospect China 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 Interest 26/10/2007
2. The change in the percentage level From 5.11 % To 4.78 %
3. Circumstance(s) giving rise to the interest or change in interest Sales in Open Market at Own Discretion
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 in the open market on 26 October 2007.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 13,000,000 0
As a percentage of issued share capital 5.11 % 0 %
No. of shares held after the change 12,154,000 0
As a percentage of issued share capital 4.78 % 0 %
Footnotes 1. The Company's Shares were consolidated on the basis of every 4 existing Shares into 1 Consolidated Share on 26 June 2012 (the "Share Consolidation"), pursuant to the Extraordinary General Meeting held on 15 June 2012.

2. The abovementioned number of Shares held by Prospect China Limited was prior to the Share Consolidation.

3. The percentage before and after the change is calculated based on the issued share capital of 254,366,400 ordinary shares, which is prior to the Share Consolidation.

4. Prior to the cessation of interests on 26 October 2007, there were also changes to the interest as follows:-

a) Change in percentage level from 5.50% to 5.48% on 9 July 2007, arising from the sales in the open market at own discretion.

b) Change in percentage level from 5.48% to 5.11% on 13 July 2007, arising from the sales in the open market at own discretion.

5. DMG & Partners Securities Pte Ltd ("DMG") was the financial adviser to the Company in relation to the acquisition of Global Invacom Holdings Limited. DMG assumes no responsibility for the contents of this announcement.