News

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

    BackJun 29, 2009
    Part I
    1. Date of notice to issuer 29/06/2009
    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 Interest 26/06/2009
    2. Name of Registered Holder Zhong Sheng Jian
    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 Announcement.

    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 agreement.
    4. Information relating to shares held in the name of the Registered Holder
     
    No. of Shares held before the change 5,487,000
    As a percentage of issued share capital 0.30 %
    No. of Shares which are subject of this notice 0
    As a percentage of issued share capital 0 %
    Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0
    No. of Shares held after the change 5,487,000
    As a percentage of issued share capital 0.28 %
    Part III - Not Required
    Part IV
    1. Holdings of Director, including direct and deemed interest :
     
      Direct Deemed
    No. of shares held before the change 5,487,000 1,157,514,000
    As a percentage of issued share capital 0.30 % 63.21 %
    No. of shares held after the change 5,487,000 1,267,514,000
    As a percentage of issued share capital 0.28 % 65.29 %
    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 spouse (5% shareholding interest).

    Mr Zhong Sheng Jian further holds S$16,750,000 Yanlord Land Group Limited convertible notes due 2012.

    The percentages of issued share capital before the change are 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 percentages of issued share capital after the change are 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.