News

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

    BackJun 29, 2009
    Part I
    1. Date of notice to issuer 29/06/2009
    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 26/06/2009
    2. The change in the percentage level From 63.21 % To 65.29 %
    3. Circumstance(s) giving rise to the interest or change in interest # Others

    Pursuant to the concurrent Share Placement and Convertible Bonds offering, Yanlord Holdings Pte. Ltd. had entered into a placement agreement and share lending agreement, both dated 17 June 2009, as announced by Yanlord Land Group Limited (the "Company") on 18 June 2009 (the "Announcement"). Subject to the terms and conditions of the aforesaid agreements, Yanlord Holdings Pte. Ltd., shall (a) pursuant to a vendor sale, dispose of 10,000,000 shares; and (b) pursuant to a share lending arrangement, as lender, lend 110,000,000 shares to J.P. Morgan (S.E.A.) Limited, as borrower, to facilitate the placement of 110,000,000 shares by the Company as detailed in the Announcment.

    110,000,000 new shares have been allotted and issued by the Company, and accordingly returned to Yanlord Holdings Pte. Ltd. as the lender pursuant to the aforesaid share lending arrangement.
    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 transaction.
    Part IV
    1. Holdings of Substantial Shareholder, including direct and deemed interest :
     
      Direct Deemed
    No. of shares held before the change 1,157,514,000 0
    As a percentage of issued share capital 63.21 % 0 %
    No. of shares held after the change 1,267,514,000 0
    As a percentage of issued share capital 65.29 % 0 %
    Footnotes The percentage of issued share capital before the change is computed based on 1,831,334,476 issued shares of the Company as at 25 June 2009, before the allotment and issue of the 110,000,000 new shares.

    The percentage of issued share capital after the change is computed based on 1,941,334,476 issued shares of the Company as at 26 June 2009, after the allotment and issue of the 110,000,000 new shares.