| Changes in Sub. S-hldr's Int (Section 138 of CA 2016) |
| Reference No: |
CS2-02102018-00007 |
|
|
| Company Name |
: |
ECM LIBRA FINANCIAL GROUP BERHAD |
| Stock Name |
: |
ECM |
| Date Announced |
: |
02/10/2018 |
|
|
| 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 |
01 Oct 2018 |
4,503,612 |
Others |
Direct Interest |
| Name of registered holder |
Public Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Lim
Kian Onn (S14) |
Address of
registered holder |
P.O. Box 11167, 50738 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 |
| Direct (units) |
: |
30,569,525 |
| Direct (%) |
: |
6.37 |
| Indirect/deemed interest (units) |
: |
130,387,186 |
| Indirect/deemed interest (%) |
: |
27.168 |
| Total no of securities after
change |
: |
160,956,711 |
| Date of notice |
: |
02 Oct 2018 |
| Date notice received by Listed Issuer |
: |
02 Oct 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 of Tune
Hotel Penang by ECM from Tune Hotels Sdn Bhd ("THSB") for which the purchase consideration has been satisfied
by cash and allotment and issuance of 33,127,777 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. THSB is a wholly-owned
subsidiary of THCL and has nominated THCL to receive the Consideration Shares in accordance with the plan
of arrangement. The plan of arrangement involved principally the reduction in share capital of THCL through the
distribution of the Consideration Shares to the shareholders of THCL in proportion to their respective shareholdings in
THCL.
This announcement is dated 2 October 2018.
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