| Part I |
| 1. |
Date of notice to issuer |
29/05/2012 |
| 2. |
Name of Substantial Shareholder |
Derrick Lee Meow Chan |
| 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 Shareholding |
29/05/2012 |
| 2. |
The change in the percentage level |
From 38.91 % To 0 % |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
# Others
On 25 May 2012 SEAVI Advent Equity (C) Ltd ("SEAVI") completed the sale of 123,800,000 ordinary shares to Toyota Tsusho Corporation and the sale of 16,000,000 ordinary shares to Mr. Tan Ah Lye. On 28 May 2012 SEAVI completed the sale of 38,893,200 ordinary shares through married transactions. |
| 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 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 |
178,693,200 |
| As a percentage of issued share capital |
0 % |
38.91 % |
| No. of shares held after the change |
0 |
0 |
| As a percentage of issued share capital |
0 % |
0 % |
| Footnotes |
SEAVI Advent Equity V (C) Ltd ("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 fund managed by SEAVI Advent Corporation Limited ("SEAVI Advent"). SEAVI Advent is an Asian based private equity investor. SEAVI Advent is the general partner of teh 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 staf 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 SEAVI.
The percentages are computed based on the issued share capital of 459,220,000 shares (excluding 420,000 treasury shares) in the capital of Sin Heng Heavy Machinery Limited as at 29 May 2012. |
|
