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News Release


Notice of Cessation Of Substantial Shareholding



Part 1
1. Date of notice to issuer * 14-06-2006
Name of Substantial Shareholder * WAH-CHANG OFFSHORE (HONG KONG) COMPANY LIMITED
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 2
    1. Date of change of [Select Option]
    2. Name of Registered Holder
    3. Circumstance(s) giving rise to the interest or change in interest
    # Please specify details
    [Select Option]
    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 3
    1. Date of change of Interest 14-06-2006
    2. The change in the percentage level From 6.46 % To 4.22 %
    3. Circumstance(s) giving rise to the interest or change in interest


    # Please specify details
    # Others


    Vendor Shareholder at the Initial Public Offering.
    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.
    Part 4
    1. Holdings of Substantial Shareholder , including direct and deemed interest :
    Direct Deemed
    No. of shares held before the change 41,396,466 0
    As a percentage of issued share capital 6.46 % 0 %
    No. of shares held after the change 31,670,266 0
    As a percentage of issued share capital 4.22 % 0 %
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