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UPP Holdings Ltd : NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST
June 20, 2011 at 05:10 pm EDT
By
A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST
* Asterisks denote mandatory information
The details of the announcement start here ...
1. Date of notice to issuer * 20-06-2011
2. Name of Director * Wee Ee Chao
3. Please tick one or more appropriate box(es): *
Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. [Please complete Part II and IV]
1. Date of change of Deemed Interest 17-06-2011
2. Name of Registered Holder U.I.P. Holdings Limited
3. Circumstance(s) giving rise to the interest or change in interest Open Market Purchase
# Please specify details
4. Information relating to shares held in the name of the Registered Holder
No. of Shares held before the change116,343,976 As a percentage of issued share capital16.05 %
No. of Shares which are subject of this notice 500,000 As a percentage of issued share capital 0.07 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 1.57
No. of Shares held after the change 116,843,976 As a percentage of issued share capital 16.12 %
1. Date of change of [Select Option]
2. The change in the percentage level From % To %
3. Circumstance(s) giving rise to the interest or change in interest [Select Option]
# Please specify details
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:
1. Holdings of Director , including direct and deemed interest :
No. of shares held before the change 0 144,394,976 As a percentage of issued share capital 0 % 19.92 % No. of shares held after the change 0 144,894,976 As a percentage of issued share capital 0 % 19.99 % Footnotes 116,843,976 - registered in name of U.I.P. Holdings Limited
28,051,000 - registered in name of UOB Kay Hian Pte Ltd - KIP Inc
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Avarga Limited is a Singapore-based investment holding company. The principal activities of the Company are the trading of paper products and providing management services. The Company has four operating segments. The paper mill segment manufactures and sells industrial grade paper products, collect and trades in wastepaper products. The power segment operates a 50 MW gas-fired generating plant in Yangon, Myanmar. The Wholesale segment is engaged in distribution of building products in Canada, the United States and overseas. The Others segment includes the corporate and investments segment. The Company operates in approximately five countries: Singapore, Canada, United States of America, Malaysia and Myanmar. Its subsidiaries include UPP Industries Pte. Ltd., UPP Greentech Pte. Ltd., Avarga Investment Pte. Ltd., Avarga (M) Sdn. Bhd., UPP Pulp & Paper (M) Sdn. Bhd, UPP Recycled Fibre (M) Sdn. Bhd., among others.
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