NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS
A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN
INTEREST *
* Asterisks denote mandatory
information
>> ANNOUNCEMENT DETAILS
The details of the announcement start here
...
1.
Date of notice to issuer *
12-12-2011
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
09-12-2011
2.
Name of Registered Holder
UOB Kay Hian Pte Ltd - KIP Inc
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 change28,867,000 As
a percentage of issued share capital3.98 %
No. of Shares which are subject of this notice
184,000
As a percentage of issued share capital
0.025 %
Amount of consideration (excluding brokerage and
stamp duties) per share paid or received
1.53288
No. of Shares held after the change
29,051,000
As a percentage of issued share capital
4.00 %
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 :
Direct
Deemed
No. of shares held before the change
0
148,463,976
As a percentage of issued share capital
0 %
20.48 %
No. of shares held after the change
0
148,647,976
As a percentage of issued share capital
0 %
20.51 %
Footnotes
119,596,976 - registered in name of U.I.P. Holdings
Limited
29,051,000 - 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 Company is engaged in the trading of paper products, investment holding and providing management services. Its business segments include Paper Mill, Power Plant, Building Products and Others. The Paper Mill segment manufactures and sells industrial grade paper products, and collect and trades in wastepaper products. The Power Plant segment operates a 50 megawatt (MW) gas-fired generating plant in Yangon, Myanmar. The Building Products segment is engaged in the wholesale distribution of building products in Canada, United States and overseas. 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. and Avarga Investment Pte. Ltd.