News & Announcements

 
Name of Announcer CHIP ENG SENG CORPORATION LTD  
Company Registration No. 199805196H  
Announcement submitted on behalf of CHIP ENG SENG CORPORATION LTD  
Announcement is submitted with respect to CHIP ENG SENG CORPORATION LTD  
Announcement is submitted by Chia Lee Meng Raymond  
Designation Group Chief Executive Officer  
Date & Time of Broadcast 18-Mar-2010 5:39:00 PM  
Announcement No. 00069  
   
Announcement Details  
The details of the announcement start here ...  
Announcement Title NOTICE OF CESSATION OF SUBSTANTIAL SHAREHOLDING  
Description  
>> ANNOUNCEMENT DETAILS
The details of the announcement start here ...
 
>> PART I
 
1. Date of notice to issuer * 17-03-2010  
 
2. Name of Substantial Shareholder * Citadel Investment Group, L.L.C. ('CIG LLC') 
 
3. Please tick one or more appropriate box(es): *
 
  • Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]
    •  
     
    >> PART II
     
    1. Date of change of [Select Option]  
     
    2. Name of Registered Holder  
     
    3. Circumstance(s) giving rise to the interest or change in interest [Select Option]  
      # Please specify details
       
     
    4. Information relating to shares held in the name of the Registered Holder
     
    No. of [Select Option] held before the change  
    As a percentage of issued share capital %
     
    No. of N.A. which are subject of this notice  
    As a percentage of issued share capital %
     
    Amount of consideration (excluding brokerage and stamp duties) per share paid or received  
     
    No. of N.A. held after the change  
    As a percentage of issued share capital %
     
     
    >> PART III
     
    1. Date of change of Interest 17-03-2010  
     
    2. The change in the percentage level From 5.98 % To 4.96 %
     
    3. Circumstance(s) giving rise to the interest or change in interest # Others  
      # Please specify details
    Sales on the open market.

    CIG LLC is the General Partner of Citadel Limited Partnership, the Portfolio Manager of Citadel Equity Fund Ltd. ('CEFL'). In addition, Citadel Investment Group (Hong Kong) Limited is wholly owned by CIG LLC. CIG LLC is therefore deemed, by virtue of Section 7 of the Companies Act, Chapter 50 of Singapore, to be interested in the shares in Chip Eng Seng in which CEFL has an interest.  
     
    4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:
    The change is a result of a series of transactions.  
     
     
    >> PART IV
     
    1. Holdings of Substantial Shareholder , including direct and deemed interest :
     
    Direct
    Deemed
    No. of shares held before the change 0   39,431,791  
    As a percentage of issued share capital 0 % 5.98 %
    No. of shares held after the change 0   32,701,791  
    As a percentage of issued share capital 0 % 4.96 %
     
    Footnotes
    The percentage of shareholding is calculated based on 659,515,161 ordinary shares (excluding treasury shares) in issue as at 17 March 2010.  
     
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