| Changes in Sub. S-hldr's Int (Section 138 of CA 2016) |
| Reference No: |
CS2-17052018-00062 |
|
|
| Company Name |
: |
ECM LIBRA FINANCIAL GROUP BERHAD |
| Stock Name |
: |
ECM |
| Date Announced |
: |
17/05/2018 |
|
|
| Name |
: |
MR LIM KIAN ONN |
| Nationality/Country of incorporation |
: |
Malaysia |
| Descriptions (Class) |
: |
Ordinary shares |
|
|
| Details of changes |
| No |
Date of change |
No of securities |
Type of transaction |
Nature of interest |
1 |
16 May 2018 |
21,779,413 |
Others |
Direct Interest |
| Name of registered holder |
Public Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Lim Kian Onn (S14) |
Address of
registered holder |
17th Floor, Menara Public Bank, 146 Jalan Ampang, 50450 Kuala Lumpur |
Description of "Others"
Type of Transaction |
Allotment |
|
|
| Circumstances by reason of which change has occurred |
: |
Allotment and issuance of new ordinary shares in ECM Libra Financial Group Berhad ("ECM") to Mr Lim Kian Onn pursuant to the
corporate exercise undertaken by ECM. Kindly refer to "Remarks" as
below for further details. |
| Nature of interest |
: |
Direct Interest |
|
Total no of securities after change |
| Direct (units) |
: |
26,065,913 |
| Direct (%) |
: |
5.834 |
| Indirect/deemed interest (units) |
: |
130,387,186 |
| Indirect/deemed interest (%) |
: |
29.183 |
| Total no of securities after
change |
: |
156,453,099 |
| Date of notice |
: |
17 May 2018 |
| Date notice received by Listed Issuer |
: |
17 May 2018 |
| Remarks |
: |
Further details on circumstances by reason of which change has occurred:
Allotment and issuance of new ordinary shares in ECM to Mr Lim Kian Onn consequent to the acquisition by ECM
from TP Real Estate Holdings Pte Ltd ("TPRE") of 50% equity interest in TP Sepang Sdn Bhd, TP International Pty Ltd
and Yummy Kitchen Sdn Bhd, and 40.005% equity interest in TP Hotel (Flinders) Trust (together with 40.005% of the
rights and benefits to the total advances owing by TP Hotel (Flinders) Trust) for which the purchase consideration has
been satisfied via the allotment and issuance of 160,205,555 new ordinary shares in ECM ("Consideration Shares") to
the shareholders of Tune Hotels.Com Limited ("THCL") who include Mr Lim Kian Onn, under the plan of arrangement
undertaken by THCL with its shareholders pursuant to Section 118 of the Labuan Companies Act. THCL is a
shareholder of TPRE. The plan of arrangement involved principally, (i) the reduction in the share capital of THCL
through the distribution in specie of the redeemable preference shares of TPRE held by THCL to the shareholders of
THCL in proportion to their respective shareholdings in THCL; and (ii) the redemption of such redeemable preference
shares by TPRE from the shareholders of THCL using the Consideration Shares in proportion to their respective
shareholdings in THCL.
This announcement is dated 17 May 2018.
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