News

    Notice Of A Director's (Including A Director Who Is A Substantial Shareholder) Interest And Change In Interest

    BackMar 17, 2008
    Part I
    1. Date of notice to issuer 14/03/2008
    2. Name of Director Zhong Sheng Jian
    3. Notice Type Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest.
    Part II
    1. Date of change of Deemed Interest 14/03/2008
    2. Name of Registered Holder Yanlord Holdings Pte. Ltd.
    3. Circumstance(s) giving rise to the interest or change in interest Open Market Purchase

    Purchase of an aggregate of 960,000 ordinary shares in Yanlord Land Group Limited ("Company") on 13th and 14th March 2008 at an average price of S$1.906 per share. (Refer to Note 1 below)
    4. Information relating to shares held in the name of the Registered Holder
     
    No. of Shares held before the change 1,272,200,000
    As a percentage of issued share capital 69.68 %
    No. of Shares which are subject of this notice 960,000
    As a percentage of issued share capital 0.053 %
    Amount of consideration (excluding brokerage and stamp duties) per share paid or received 1.906
    No. of Shares held after the change 1,273,160,000
    As a percentage of issued share capital 0.11 %
    Part III - Not Required
    Part IV
    1. Holdings of Director, including direct and deemed interest :
     
      Direct Deemed
    No. of shares held before the change 1,987,000 1,272,200,000
    As a percentage of issued share capital 0.11 % 69.68 %
    No. of shares held after the change 1,987,000 1,273,160,000
    As a percentage of issued share capital 0.11 % 69.73 %
    Footnotes Mr Zhong Sheng Jian is deemed to be interested in the shares of the Company held by Yanlord Holdings Pte. Ltd., a company owned by Mr Zhong Sheng Jian (95% shareholding interest) and his wife, Mrs Zhong Lin Miao Jun (5% shareholding interest).

    Percentages of issued share capital are computed based on 1,825,814,476 issued shares as at 17th March 2008.

    Note 1: The average price of S$1.906 per share is derived by averaging the prices of shares purchased on 13th and 14th March 2008. Details of which are as follows:-

    1) Open market purchase of 600,000 shares of the Company at an average price of S$1.922 per share on 13th March 2008.

    2) Open market purchase of 360,000 shares of the Company at an average price of S$1.880 per share on 14th March 2008.



    The initial public offering for the shares of the Company was joint lead managed by HL Bank and CLSA Merchant Bankers Limited ("Managers"). The Managers assume no responsibility for the contents of this announcement.