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Notice Of A Substantial Shareholder's Interest

BackOct 23, 2012
Part I
1. Date of notice to issuer 23/10/2012
2. Name of Substantial Shareholder Chori Co. Ltd
3. Notice Type Notice of a New Substantial Shareholder's interest.
Part II
1. Date of change of Interest 19/10/2012
2. Name of Registered Holder Nomura Securities Singapore Pte. Ltd.
3. Circumstance(s) giving rise to the interest or change in interest # Others

On 19 October 2012, Chori Co., Ltd. entered into a sale and purchase agreement with Mr Lim Yee Hoe to acquire 39,976,670 ordinary shares ("Shares"), amounting to 29.99% of the issued and paid up share capital of Megachem Limited. The transfer of shares was completed on 19 October 2012.

The Shares are held under the custodian account of Chori Co., Ltd. maintained with Nomura Securities Singapore Pte. Ltd.
4. Information relating to shares held in the name of the Registered Holder
 
No. of Shares held before the change 0
As a percentage of issued share capital 0 %
No. of Shares which are subject of this notice 39,976,670
As a percentage of issued share capital 29.99 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.33
No. of Shares held after the change 39,976,670
As a percentage of issued share capital 29.99 %
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 0 0
As a percentage of issued share capital 0 % 0 %
No. of shares held after the change 0 39,976,670
As a percentage of issued share capital 0 % 29.99 %
Footnotes The percentages are computed based on 133,300,000 issued shares as at 23 October 2012.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Capital Private Limited for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "Exchange"). The Company's Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Bernard Lim (tel: (65) 6221 2290) at 1 Robinson Road, #21-02, AIA Tower, Singapore 048542.