News

    Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

    BackMar 17, 2008
    Part I
    1. Date of notice to issuer 14/03/2008
    2. Name of Substantial Shareholder Yanlord Holdings Pte. Ltd.
    3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
    Part II - Not Required
    Part III
    1. Date of change of Shareholding 14/03/2008
    2. The change in the percentage level From 69.68 % To 69.73 %
    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. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change in percentage level is the result of a series of transactions.
    Part IV
    1. Holdings of Substantial Shareholder, including direct and deemed interest :
     
      Direct Deemed
    No. of shares held before the change 1,272,200,000 0
    As a percentage of issued share capital 69.68 % 0 %
    No. of shares held after the change 1,273,160,000 0
    As a percentage of issued share capital 69.73 % 0 %
    Footnotes Percentages of issued share capital are computed based on 1,825,814,476 issued shares of the Company 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.