This printed article is located at http://sinheng.listedcompany.com/news.html
| Part I |
| 1. |
Date of notice to issuer |
26/11/2010 |
| 2. |
Name of Director |
Derrick Lee Meow Chan |
| 3. |
Notice Type |
Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest.
|
| Part II |
| 1. |
Date of change of Deemed Interest |
26/11/2010 |
| 2. |
Name of Registered Holder |
Seavi Advent Equity V (C) Ltd |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
# Others
Sin Heng Holdings Ltd ("SHH") transfers its entire shareholding in Sin Heng Heavy Machinery Limited ("the Company") to the following beneficial owners:
(i) SEAVI Advent Equity V (C) Ltd ("SEAVI") - 178,693,200 shares (38.88%); and
(ii) TAL Holdings Pte. Ltd. - 104,946,800 shares (22.83%). |
| 4. |
Information relating to shares held in the name of the Registered Holder |
| |
| No. of Shares held before the change |
283,640,000 |
| As a percentage of issued share capital |
61.71 % |
| No. of Shares which are subject of this notice |
104,946,800 |
| As a percentage of issued share capital |
22.83 % |
| Amount of consideration (excluding brokerage and stamp duties) per share paid or received |
0 |
| No. of Shares held after the change |
178,693,200 |
| As a percentage of issued share capital |
38.88 %
|
|
| Part III - Not Required |
| Part IV |
| 1. |
Holdings of Director, including direct and deemed interest : |
| |
| |
Direct |
Deemed |
| No. of shares held before the change |
0 |
283,640,000 |
| As a percentage of issued share capital |
0 % |
61.71 % |
| No. of shares held after the change |
0 |
178,693,200 |
| As a percentage of issued share capital |
0 % |
38.88 % |
| Footnotes |
SEAVI is a collective investment holding company with the beneficial interests held by SEAVI Advent Equity IV Fund Limited Partnership, SEAVI Advent Asia Fund GmbH & Co. Parallel-KG, Fortis Private Equity Asia Fund N.V., SEAVI Advent Equity V Trust, SEAVI Advent Equity V (Cayman) L.P. and Ocean Private Equity Fund II Ltd (collectively known as the "SEAVI Advent Funds"). The SEAVI Advent Funds are private equity funds managed by SEAVI Advent Corporation Limited ("SEAVI Advent"). SEAVI Advent is an Asian based private equity investor. SEAVI Advent is the general partner of the SEAVI Advent Funds and exercises management and control over SEAVI Advent Funds. Consequently, SEAVI Advent exercises sole voting and investment power with respect to all shares held by the SEAVI Advent Funds in SEAVI. The Directors of SEAVI Advent are Tan Keng Boon and Derrick Lee Meow Chan. The shareholders of SEAVI Advent comprise senior staff of SEAVI Advent, including Mr. Tan Keng Boon and Mr. Derrick Lee Meow Chan who each own indirectly, through an investment holding company more than 25% of the issued and paid up capital of SEAVI Advent. The remaining shareholders of SEAVI Advent hold not more than 10% each. The shareholders of SEAVI Advent are not related to each other. For the purposes of Section 4 of the SFA, SEAVI Advent, Mr. Tan Keng Boon and Mr. Derrick Lee Meow Chan are deemed to be interested in the Shares held by SHH/SEAVI.
The percentages are computed based on the issued share of 459,640,000 shares as at 26 November 2010.
DBS Bank Ltd. is the Joint Issue Manager, Underwriter and Placement Agent and Stirling Coleman Capital Limited is the Joint Issue Manager for the Company's listing on the SGX-ST. |
|