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Notice Of Change In Substantial Shareholders Interests - Ong Kwee Eng

PART I [Please complete this Part]

 

 

 

1.

Date of notice to issuer:

06/07/2004

 

 

2.

Name of Substantial Shareholder:

Ong Kwee Eng

 

 

 

3.

Please tick one or more appropriate box(es):

 

 

 

 

o

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

 

 

o

a New Substantial Shareholders Interest. [Please complete Parts II and IV]

 

 

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

 

 

 

 

PART II

 

 

 

1.

Date of change of interest:

 

 

 

 

2.

Name of Registered Holder:

 

 

 

 

3.

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

 

 

 

 

4.

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

 

 

 

No. of shares held before the change:

 

 

 

As a percentage of issued share capital:

 

 

 

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

 

 

 

As a percentage of issued share capital:

 

 

 

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

 

 

 

No. of shares held after the change:

 

 

 

As a percentage of issued share capital:

 

 

 

 

 

PART III

 

 

 

1.

Date of change of interest:

05/07/2004

 

 

 

2.

The change in the percentage level:

From 40.62% to 40.563%

 

 

 

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 Kwee Eng in Hwa Hong is diluted from 40.62% to 40.594%.

 

2) The percentage level of substantial shareholding interest of Mr Ong Kwee Eng was further decreased from 40.594% to 40.563% on 5 July 2004 following the sale of 200,000 Shares in the open market at $0.47 per share by Mdm Ng Siew Tin (spouse of Mr Ong Kwee Eng) in which he is deemed to have an interest.

 

 

 

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 the percentage level is the result of the abovementioned circumstances.

 

 

 

 

PART IV

 

 

 

1.

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

 

 

 

Direct

Deemed

No. of shares held before the change:

0

265,259,020

 

As a percentage of issued share capital:

0

40.62

 

No. of shares held after the change:

0

265,059,020

 

As a percentage of issued share capital:

0

40.563

 

 

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 Tan Mee Choo, Company Secretary on 06/07/2004 to the SGX