PART I [Please complete this
Part]
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1.
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Date
of notice to issuer:
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20/05/2004
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2.
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Name
of director/substantial shareholder:
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Ong Choo Eng
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3.
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Please
tick one or more appropriate box(es):
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a
Director’s (including a director who is a substantial shareholder)
Interest and Change in Interest.
[Please complete Parts II and IV]
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o
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a
New Substantial Shareholder’s Interest.
[Please complete Parts II and IV]
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o
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a Change
in the Percentage Level of a Substantial Shareholder’s Interest or
Cessation of Interest. [Please
complete Parts III and IV]
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PART II
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1.
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Date
of change of interest:
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19/05/2004
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2.
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Name
of Registered Holder:
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Ely
Investments (Pte) Ltd.
("Ely Investments")
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3.
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Circumstance(s)
giving rise to the interest or change in interest:
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Others
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Please
specify details:
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1) The issued and paid-up capital of Hwa
Hong Corporation Limited (“Hwa Hong”) of ordinary shares of $0.25 each
(the “Shares”) has been increased from $163,258,000 divided into
653,032,000 Shares to $163,361,000 divided into 653,444,000 Shares by
the allotment and issue of 412,000 Shares on 26 April 2004 upon the
exercise of share options.
Accordingly, the percentage level of substantial shareholding
interest of Mr Ong Choo Eng in Hwa Hong is diluted
from 42.382% to 42.355%.
2) On 19 May
2004,
Ely Investments purchased from the open market 135,000 Shares at
$0.4687 per share and accordingly, the percentage level of substantial
shareholding interest of Mr Ong Choo Eng in Hwa Hong increased from
42.355% to 42.376%.
Mr Ong Choo Eng has deemed interest in the
Shares held by Ely Investments by virtue of Section 7 of the Companies
Act, Chapter 50.
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4.
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Information
relating to shares held in the name of the Registered Holder:-
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No.
of shares held before the change:
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13,507,000
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As
a percentage of issued share capital:
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2.067
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No.
of shares which are the subject of this notice:
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135,000
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As
a percentage of issued share capital:
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0.021
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Amount
of consideration (excluding brokerage and stamp duties) per share paid
or received:
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$0.4687
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No.
of shares held after the change:
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13,642,000
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As
a percentage of issued share capital:
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2.088
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PART
III
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1.
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Date
of change of interest:
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2.
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The
change in the percentage level:
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From
% to %
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3.
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Circumstance(s)
giving rise to the interest
or change in interest:
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4.
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A
statement of whether the change in the percentage level is the result of
a transaction or a series of transactions.
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PART
IV
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1.
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Holdings
of Ong Choo Eng, including direct and
deemed interest:-
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Direct
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Deemed
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No.
of shares held before the change:
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0
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276,765,520
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As
a percentage of issued share capital:
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0
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42.382
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No.
of shares held after the change:
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0
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276,900,520
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As
a percentage of issued share capital:
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0
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42.376
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