Changes in Director's Interest (S135) - Dato' Tan Heng Chew
BackNov 30, 2009
Particulars of Director
| Name | Dato' Tan Heng Chew |
| Address | 21-08-03, Indah Damansara Condominium Jalan Damansara Endah Damansara Heights 50490 Kuala Lumpur |
| Descriptions(Class & nominal value) |
Ordinary shares of RM0.50 each |
Details of changes
Currency: Malaysian Ringgit (MYR)
|
Type of transaction
|
Date of change
|
No of securities
|
Price Transacted (RM)
|
|
Transferred
|
24/11/2009
|
82,412,422
|
|
| Circumstances by reason of which change has occurred | The transfer by Tan Chong Consolidated Sdn Bhd ("TCC") to HSBC (Malaysia) Trustee Berhad ("HSBC Trustee") is pursuant to the Compromise and Settlement Agreement dated 22 June 2009 as amended by a Supplemental Agreement dated 28 July 2009 entered into between and amongst TCC and all its shareholders following a court order made on 20 October 2009 (the "Court Order") filed with the Registrar of Companies on 3 November 2009 for the selective capital reduction of TCC by the cancellation of all the shares in TCC held by the exiting minority shareholders of TCC identified in the Court Order. |
| Nature of interest | Indirect/Deemed interest by virtue of Section 6A of the Companies Act, 1965 |
| Consideration (if any) |
Total no of securities after change |
|
| Direct (units) | 22,326,262 |
| Direct (%) | 3.42 |
| Indirect/deemed interest (units) | 318,999,552 |
| Indirect/deemed interest (%) | 48.8649 |
| Date of notice | 30/11/2009 |
| Remarks : |
| Deemed interest by virtue of Section 6A of CA 1965: Held by TCC directly - 221,854,240 shares. Held by TCC indirectly through HSBC Trustee - 82,412,422 shares (as to voting rights only). Held by Wealthmark Holdings Sdn Bhd - 10,299,500 shares Interests of spouse and children by virtue of Section 134(12)(c) of CA 1965: 4,433,390 shares. Total indirect/deemed interest: 318,999,552 shares. The percentage shareholding of Dato' Tan Heng Chew's direct and indirect interests are calculated based on the share capital of the Company (less treasury shares) of 652,819,000 shares. |
Announcement Info
| Company Name | TAN CHONG MOTOR HOLDINGS BERHAD |
| Stock Name | TCHONG |
| Date Announced | 30 Nov 2009 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | TCM-091130-F8EB7 |