United Industrial Corporation Limited summary financial report 2005 -
STATISTICS OF SHAREHOLDINGS
As at 3 March 2006
UEI is a wholly-owned subsidiary of UOL. Mr Wee has an interest of more than 20% of the voting shares in UOL. Therefore by virtue of Section 7 of the Companies Act, Cap. 50, Mr Wee is deemed to have an interest in the UIC shares held by UOL and UEI.
Telegraph Developments Limited’s (“Telegraph”) deemed interest in the shares of UIC is derived as follows:
426,000 shares held by CIMB-GK Securities Pte Ltd (beneficiary is Summit Top Investments Limited (“Summit Top”)),
358,830,000 shares held by Overseas Chinese Bank Nominees Pte Ltd (beneficiary is Telegraph); and
53,999,000 shares held by UOBN (beneficiary is Telegraph).
Telegraph and Summit Top are indirect wholly-owned subsidiaries of JG Summit Holdings, Inc. and are therefore related companies.
By virtue of Section 7 of the Companies Act, Cap. 50, the following parties are deemed to be interested in the shares of UIC held by Telegraph:
JG Summit Philippines Limited, the holding company of Telegraph;
JG Summit Holdings, Inc., the holding company of JG Summit Philippines Limited; and
Mr John Gokongwei, Jr., who has an interest of more than 20% of the voting shares in JG Summit Holdings, Inc..
RULE 723 OF THE SGX-ST LISTING MANUAL
Based on the information available to the Company as at 3 March 2006, approximately 44% of the issued ordinary shares of the Company is held by the public and therefore the Company has complied with the Exchange’s requirement that at least 10% of equity securities (excluding preference shares and convertible equity securities) in a class that is listed is at all times held by the public.