Investor Relations

Shareholdings

The shareholdings of our Directors and Substantial Shareholders immediately before and after the Placement are set out below:

Shareholdings

Notes:-

  1. Mr Tan Kwee Chai and Mr Tan Kwee Lim hold 43.17% and 22.37% of the issued and paid-up share capital of Lian Yu Holdings Pte. Ltd. respectively, which in turn holds 352,305,400 Shares. Accordingly, each of Mr Tan Kwee Chai and Mr Tan Kwee Lim are deemed to be interested in the 352,305,400 Shares held by Lian Yu Holdings Pte. Ltd. pursuant to Section 4 of the SFA.
  2. As at the date of this Offer Document, Ms Tan Ai Luang, Mr Lee Dah Khang, Mr Oh Seong Lye and Mr Yeo Kian Wee Andy have indicated interest to subscribe for and/or purchase 800,000, 77,000, 115,000 and 115,000 Placement Shares respectively.
  3. Lian Yu Holdings Pte. Ltd. is a company incorporated in Singapore. The shareholders of Lian Yu Holdings Pte. Ltd. are Mr Tan Kwee Chai (43.17%), Mr Tan Yong Chuan (10.73%), Mr Tan Kwee Lim (22.37%), Mr Boo Ngek Hee (11.64%), Mdm Cha Geek Ngo (5.11%) and Mr Tan Yong Siang (6.98%). Mr Tan Kwee Chai is the spouse of Mdm Cha Geek Ngo. Mr Tan Yong Chuan and Mr Tan Yong Siang are the sons of Mr Tan Kwee Chai and Mdm Cha Geek Ngo. Mr Tan Kwee Lim is the brother of Mr Tan Kwee Chai. Mr Tan Kwee Chai, Mr Tan Kwee Lim and Mr Boo Ngek Hee are the uncles of Ms Tan Ai Luang.
  4. Crown Leap Limited is a company incorporated in Samoa. The sole shareholder of Crown Leap Limited is Mr Shen Min-Hui.
  5. Mr Shen Min-Hui holds 100% of the issued and paid-up share capital of Crown Leap Limited, which in turn holds 59,740,800 Shares. Accordingly, Mr Shen Min-Hui is deemed to be interested in the 59,740,800 Shares held by Crown Leap Limited pursuant to Section 4 of the SFA. Mr Shen Min-Hui is not involved in the management and operations of our Group, and he is not related to any of our Directors, Executive Officers or Controlling Shareholders.
  6. Pursuant to a service contract entered into between our Company and Mr Lau Chia En dated 1 November 2016 in connection with the Listing, our Company allotted and issued 788,462 Shares to Mr Lau Chia En at the Placement Price for each Share.
  7. Pursuant to a letter issued by our Company to Ms Tan Suat Lin dated 1 November 2016, our Company allotted and issued 461,538 Shares to Ms Tan Suat Lin at the Placement Price for each Share, for, inter alia, facilitating and providing coordination assistance within our Group in relation to the Listing.

The Shares held by our Directors and Substantial Shareholders do not carry different voting rights from the Placement Shares which are the subject of the Placement.

Save as disclosed above, our Company is not directly or indirectly owned or controlled, whether severally or jointly, by any other corporation, any government or other natural or legal person.

Our Directors are not aware of any arrangement the operation of which may, at a subsequent date, result in a change in control of our Company.

There has not been any public take-over by a third party in respect of our Company's shares or by our Company in respect of shares of another corporation or units of a business trust which has occurred between the date of incorporation of our Company and the Latest Practicable Date.

SIGNIFICANT CHANGES IN PERCENTAGE OF OWNERSHIP

Save as disclosed above and under the sections entitled "Share Capital" and "Restructuring Exercise" of this Offer Document, there have been no significant changes in the percentage of ownership of our Shares from the incorporation of our Company to the Latest Practicable Date.

VENDOR

The name of the Vendor and the number of the Vendor Shares which the Vendor will offer pursuant to the Placement are set out below:

Shareholdings

MORATORIUM

Each of the following Shareholders has given an undertaking to our Company and the Sponsor, Issue Manager and Placement Agent to observe a moratorium over our Shares as set out below:

Lian Yu Holdings Pte. Ltd., which will have a direct interest in 352,305,400 Shares representing an aggregate of approximately 72.0% of our post-Placement share capital, has undertaken not to, directly or indirectly, sell, contract to sell, offer, realise, transfer, assign, pledge, grant any option to purchase or right to acquire, grant any security over, encumber or otherwise dispose of, any part of its interest in the share capital of our Company immediately after the Placement (adjusted for any bonus issue or sub-division of Shares), for a period of two (2) years from the date of admission of our Company to Catalist, and for a period of two (2) years thereafter, not to, directly or indirectly, sell, contract to sell, offer, realise, transfer, assign, pledge, grant any option to purchase or right to acquire, grant any security over, encumber or otherwise dispose of, more than 50.0% of its original shareholdings in our Company (adjusted for any bonus issue or sub-division of Shares).

Crown Leap Limited which will have a direct interest in 59,740,800 Shares representing an aggregate of approximately 12.2% of our post-Placement share capital, has undertaken not to, directly or indirectly, sell, contract to sell, offer, realise, transfer, assign, pledge, grant any option to purchase or right to acquire, grant any security over, encumber or otherwise dispose of, any part of its interest in the share capital of our Company immediately after the Placement (adjusted for any bonus issue or sub-division of Shares), for a period of six (6) months from the date of admission of our Company to Catalist, and for a period of six (6) months thereafter, not to, directly or indirectly, sell, contract to sell, offer, realise, transfer, assign, pledge, grant any option to purchase or right to acquire, grant any security over, encumber or otherwise dispose of, more than 50.0% of its original shareholdings in our Company (adjusted for any bonus issue or sub-division of Shares).

The Consultant who will have a direct interest in 788,462 Shares representing an aggregate of approximately 0.2% of our post-Placement share capital, has undertaken not to, directly or indirectly, sell, contract to sell, offer, realise, transfer, assign, pledge, grant any option to purchase or right to acquire, grant any security over, encumber or otherwise dispose of, any part of his interest in the share capital of our Company immediately after the Placement (adjusted for any bonus issue or sub-division of Shares), for a period of two (2) years from the date of admission of our Company to Catalist.

The Introducer who will have a direct interest in 461,538 Shares representing an aggregate of approximately 0.1% of our post-Placement share capital, has undertaken not to, directly or indirectly, sell, contract to sell, offer, realise, transfer, assign, pledge, grant any option to purchase or right to acquire, grant any security over, encumber or otherwise dispose of, any part of her interest in the share capital of our Company immediately after the Placement (adjusted for any bonus issue or sub-division of Shares), for a period of two (2) years from the date of admission of our Company to Catalist.

The shareholders of Lian Yu Holdings Pte. Ltd., namely Mr Tan Kwee Chai, Mr Tan Yong Chuan, Mr Tan Kwee Lim, Mr Boo Ngek Hee, Mdm Cha Geek Ngo and Mr Tan Yong Siang, have each undertaken:

  1. not to directly or indirectly, sell, contract to sell, offer, realise, transfer, assign, pledge, grant any option to purchase or right to acquire, grant any security over, encumber or otherwise dispose of, any part of their interest in Lian Yu Holdings Pte. Ltd., for a period of four (4) years from the date of admission of our Company to Catalist; and
  2. to jointly and severally procure Lian Yu Holdings Pte. Ltd. not to directly or indirectly, sell, contract to sell, offer, realise, transfer, assign, pledge, grant any option to purchase or right to acquire, grant any security over, encumber or otherwise dispose of, any part of its interest in the share capital of our Company immediately after the Placement (adjusted for any bonus issue or sub-division of Shares), for a period of two (2) years from the date of admission of our Company to Catalist, and for a period of two (2) years thereafter, not to, directly or indirectly, sell, contract to sell, offer, realise, transfer, assign, pledge, grant any option to purchase or right to acquire, grant any security over, encumber or otherwise dispose of, more than 50.0% of its original shareholdings in our Company (adjusted for any bonus issue or subdivision of Shares).

The sole shareholder of Crown Leap Limited, Mr Shen Min-Hui, has undertaken:

  1. not to directly or indirectly, sell, contract to sell, offer, realise, transfer, assign, pledge, grant any option to purchase or right to acquire, grant any security over, encumber or otherwise dispose of, any part of his interest in Crown Leap Limited, for a period of 12 months from the date of admission of our Company to Catalist; and
  2. to procure Crown Leap Limited not to directly or indirectly, sell, contract to sell, offer, realise, transfer, assign, pledge, grant any option to purchase or right to acquire, grant any security over, encumber or otherwise dispose of, any part of its interest in the share capital of our Company immediately after the Placement (adjusted for any bonus issue or sub-division of Shares), for a period of six (6) months from the date of admission of our Company to Catalist, and for a period of six (6) months thereafter, not to, directly or indirectly, sell, contract to sell, offer, realise, transfer, assign, pledge, grant any option to purchase or right to acquire, grant any security over, encumber or otherwise dispose of, more than 50.0% of its original shareholdings in our Company (adjusted for any bonus issue or subdivision of Shares).
Download Shareholdings