NOTICE OF A CHANGE IN THE PERCENTAGE LEVEL OF A SUBSTANTIAL SHAREHOLDER"S INTEREST *

* Asterisks denote mandatory information

 

Name of Announcer *	PAN HONG PROPERTY GROUP LTD
Company Registration No.	37749
Announcement submitted on behalf of	PAN HONG PROPERTY GROUP LTD
Announcement is submitted with respect to *	PAN HONG PROPERTY GROUP LTD
Announcement is submitted by *	Wong Lam Ping
Designation *	Executive Chairman
Date & Time of Broadcast	16-Jun-2009 12:40:52
Announcement No.	00021

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

>> PART I

1.

Date of notice to issuer *

15-06-2009

2.

Name of Substantial Shareholder *

Hwa Hong Corporation Limited ("HHCL")

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 Deemed Interest

15-06-2009

2.

The change in the percentage level

From 5.16 % To 4.99 %

3.	Circumstance(s) giving rise to the interest or change in interest	# Others
	# Please specify details	A series of transactions in the open market by Singapore Warehouse Company (Private) Ltd. (“SWC”). By virtue of Section 7 of the Companies Act (Cap. 50), HHCL is deemed to have an interest in the shares of the Company held by SWC and/or in which SWC has an interest. SWC is a wholly owned subsidiary of HHCL.

4.

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

The change in the percentage level is the result of a series of transactions by SWC as follows: Purchase of Shares on 26 November 2008 Number of Shares Transacted: 1,200,000 Sale of Shares on 14 April 2009 Number of Shares Transacted: 200,000 Sale of Shares on 15 April 2009 Number of Shares Transacted: 300,000 Sale of Shares on 16 April 2009 Number of Shares Transacted: 200,000 Sale of Shares on 29 April 2009 Number of Shares Transacted: 100,000 Sale of Shares on 30 April 2009 Number of Shares Transacted: 130,000 Sale of Shares on 5 May 2009 Number of Shares Transacted: 50,000 Sale of Shares on 7 May 2009 Number of Shares Transacted: 100,000 Sale of Shares on 11 May 2009 Number of Shares Transacted: 100,000 Sale of Shares on 13 May 2009 Number of Shares Transacted: 100,000 Sale of Shares on 22 May 2009 Number of Shares Transacted: 50,000 Sale of Shares on 28 May 2009 Number of Shares Transacted: 100,000 Sale of Shares on 29 May 2009 Number of Shares Transacted: 50,000 Sale of Shares on 1 June 2009 Number of Shares Transacted: 100,000 Sale of Shares on 2 June 2009 Number of Shares Transacted: 50,000 Sale of Shares on 3 June 2009 Number of Shares Transacted: 20,000 Sale of Shares on 4 June 2009 Number of Shares Transacted: 30,000 Sale of Shares on 12 June 2009 Number of Shares Transacted: 300,000 Sale of Shares on 15 June 2009 Number of Shares Transacted: 50,000

>> PART IV

1.	Holdings of Substantial Shareholder , including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	25,300,000
As a percentage of issued share capital	0 %	5.16 %
No. of shares held after the change	0	24,470,000
As a percentage of issued share capital	0 %	4.99 %

Footnotes

The percentage of issued share capital is based on 490,000,000 issued ordinary shares in the capital of the Company as at 15 June 2009.

Attachments

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