Shareholdings

ANALYSIS OF SHAREHOLDINGS AS AT 20 MARCH 2023

Issued and fully paid-up capital : S$190,836,173
No. of shares issued : 120,960,000
Class of shares : Ordinary shares
Voting rights : One vote per share
No. of treasury shares and subsidiary holdings : Nil
Size of Shareholdings No. of Shareholders % of Shareholders No. of Shares % of Shares
1 - 99 63 4.75 393 0.00
100 - 1,000 228 17.47 105,914 0.09
1,001 - 10,000 660 50.58 2,994,163 2.47
10,001 - 1,000,000 343 26.28 22,968,139 18.99
1,000,001 and above 12 0.92 94,891,391 78.45
TOTAL 1,305 100.00 120,960,000 100.00
TWENTY LARGEST SHAREHOLDERS

Name of Shareholders No. of Shares % of Shares
Aik Siew Tong Ltd 29,211,840 24.15
Great Eastern Life Assurance Co Ltd - Participating Fund 13,402,096 11.08
Melodies Limited 11,491,200 9.50
Hock Tart Pte Ltd 10,979,680 9.08
Singapore-Johore Express Pte Ltd 10,628,582 8.79
Asia Building Berhad 8,250,480 6.82
Citibank Nominees Singapore Pte Ltd 3,071,738 2.54
GTK Holding Pte Ltd 2,032,000 1.68
Chan Tai Moy 1,984,200 1.64
DBS Nominees Pte Ltd 1,386,441 1.15
Chip Keng Holding Berhad 1,386,000 1.14
The Great Eastern Trust Private Limited 1,067,134 0.88
Wee Aik Koon Pte Ltd 991,500 0.82
Morph Investments Ltd 914,400 0.76
OCBC Securities Private Ltd 795,311 0.66
Season Holdings Pte Ltd 720,960 0.60
Tan Cheh Tian (Chen Jingzhen) 700,000 0.58
Ng Poh Cheng 684,200 0.56
Tan Hock Teng 562,200 0.46
Phillip Securities Pte Ltd 545,088 0.45
100,805,050 83.34

Substantial Shareholders as at 20 March 2023 as shown in the Company's Register of Substantial Shareholders:-

Substantial Shareholders Direct Interest Deemed Interest
No. of Shares % No. of Shares %
Lee Chou Hor George (1) 42,000 0.03
12,993,680
10.74
Lee Chou Tart (2) - -
12,979,680
10.73
Aik Siew Tong Ltd (3) 29,211,840 24.15
22,119,782
18.29
Hock Tart Pte Ltd (4) 10,979,680 9.08
31,211,840
25.80
The Great Eastern Life Assurance Co Ltd (5) 13,406,934 11.08
-
-
Great Eastern Holdings Limited (6) - -
14,478,906
11.97
Oversea-Chinese Banking Corporation Limited (7) - -
14,478,906
11.97
Asia Building Bhd (8) 8,250,480 6.82
1,386,000
1.15
Melodies Limited (3) 11,491,200 9.50
-
-
     
 
Other Shareholders    
 
The Singapore-Johore Express (Private) Limited (3) 10,628,582 8.79
-
-
Chip Keng Holding Bhd (8) 1,386,000 1.14
-
-

Note:

  1. Lee Chou Hor George owns 24.84% of the share capital of Hock Tart Pte Ltd ("Hock Tart"). He is deemed interested in the shares held by Hock Tart. Additionally, Lee Chou Hor George is also deemed interested in the 14,000 shares held by his spouse.

  2. Lee Chou Tart owns 24.84% of the share capital of Hock Tart. He is deemed interested in the shares held by Hock Tart.

  3. Aik Siew Tong Limited ("AST") holds 83.4% and 69.1% of the share capital of Melodies Limited ("Melodies") and The Singapore-Johore Express (Private) Limited ("S-J Express") respectively and is deemed to be interested in the 11,491,200 shares and 10,628,582 shares held by Melodies and S-J Express respectively.

  4. Hock Tart Pte Ltd holds 31.7% of the share capital of AST and is therefore deemed interested in the shares held by AST. Hock Tart is also deemed to have an interest of 2,000,000 shares held by its nominee, Oversea-Chinese Bank Nominees Pte Ltd.

  5. The Great Eastern Life Assurance Co Ltd is the wholly owned subsidiary of Great Eastern Holdings Limited. Great Eastern Holdings Limited is therefore deemed interested in the 13,406,934 shares (of which 4,838 shares are registered in the name of DBS Nominees (Private) Limited).

  6. Great Eastern Holdings Limited is deemed interested in the 14,478,906 shares which made up of 13,406,934 shares as aforementioned; 1,067,134 shares registered in the name of its subsidiary, The Great Eastern Trust Private Limited; and 4,838 shares registered in the name of DBS Nominees (Private) Limited (for the beneficial interest of The Great Eastern Trust Private Limited).

  7. Oversea-Chinese Banking Corporation Limited is deemed to be interested in the shares held by Great Eastern Holdings Ltd.

  8. Chip Keng Holding Bhd is the wholly owned subsidiary of Asia Building Bhd. Asia Building Bhd is deemed interested in the 1,386,000 shares held by Chip Keng Holding Bhd.

PERCENTAGE OF SHAREHOLDING HLED IN THE HANDS OF PUBLIC

Based on information available to the Company on 20 March 2023, approximately 23.73% of the Company's issued ordinary shares were held by the public and accordingly, Rule 723 of the Listing Manual of the SGX-ST has been complied with.