[close]

 

Notice Of Changes In Director’s And Substantial Shareholder’s Interests - Ong Choo Eng

PART I [Please complete this Part]

 

 

 

1.

Date of notice to issuer:

20/05/2004

 

 

2.

Name of director/substantial shareholder:

Ong Choo Eng

 

 

 

3.

Please tick one or more appropriate box(es):

 

 

 

 

a Director’s (including a director who is a substantial shareholder) Interest and Change in Interest.  [Please complete Parts II and IV]

 

 

o

a New Substantial Shareholder’s Interest.  [Please complete Parts II and IV]

 

 

o

a Change in the Percentage Level of a Substantial Shareholder’s Interest or Cessation of Interest.  [Please complete Parts III and IV]

 

 

 

 

PART II

 

 

 

1.

Date of change of interest:

19/05/2004

 

 

 

2.

Name of Registered Holder:

Ely Investments (Pte) Ltd.
("Ely Investments")

 

 

 

3.

Circumstance(s) giving rise to the interest or change in interest:

Others

 

Please specify details:

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.

 

 

 

4.

Information relating to shares held in the name of the Registered Holder:-

 

 

 

No. of shares held before the change:

13,507,000

 

 

As a percentage of issued share capital:

2.067

 

 

No. of shares which are the subject of this notice:

135,000

 

 

As a percentage of issued share capital:

0.021

 

 

Amount of consideration (excluding brokerage and stamp duties) per share paid or received:

$0.4687

 

 

No. of shares held after the change:

13,642,000

 

 

As a percentage of issued share capital:

2.088

 

 

 

 

PART III

 

 

 

1.

Date of change of interest:

 

 

 

 

2.

The change in the percentage level:

From % to %

 

 

 

3.

Circumstance(s) giving rise to the interest
or change in interest:

 

 

 

 

4.

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions.

 

 

 

 

PART IV

 

 

 

1.

Holdings of Ong Choo Eng, including direct and deemed interest:-

 

 

 

Direct

Deemed

No. of shares held before the change:

0

276,765,520

 

As a percentage of issued share capital:

0

42.382

 

No. of shares held after the change:

0

276,900,520

 

As a percentage of issued share capital:

0

42.376

 

 

Notes:

1.         % of issued share capital before the change as stated in PART IV is based on 653,032,000 Shares.

2.         % of issued share capital after the change as stated in PART IV is based on 653,444,000 Shares.

 

 

Submitted by Ong Bee Leem, Company Secretary on 20/05/2004 to the SGX