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10-Feb-2011 20:52

Trading Techniques / SGX chum liao, if do not marry ASX

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10-02-2011 20:00:11
RPT-DEALTALK-Nasdaq, CBOE top targets in exchange merger mania

(Repeats Feb. 9 story for wider readership)
(For more Reuters DEALTALKs, double-click [DEALTALK/] )

* Nasdaq 'odd man out' after LSE-TMX, NYSE-D.Bourse
* Nasdaq could target Asia, BATS-Chi-X, LSE-TMX
* CBOE possible target, but shareholders want too much
* CME potential buyer, but has denied eyeing big deals

By Paritosh Bansal and Victoria Howley

NEW YORK/LONDON, Feb 9 (Reuters) - Nasdaq OMX Group Inc and CBOE Holdings Inc may scramble to find deal partners as global exchanges' merger mania returns with a bang. Germany's Deutsche Boerse announced on Wednesday it was in advanced talks to buy NYSE Euronext , hours after the London Stock Exchange said it had agreed to buy Canadian stock market operator TMX . [ID:nLDE71808S]

The deals sent shares of exchanges up across the board as investors bet more is to come. Pressure is mounting on global bourses to seek partnerships to counter the threat from bigger rivals and alternative trading platforms, and to cut costs, analysts said. " Nasdaq, I think, is probably the odd man out right now," said Larry Tabb, founder of research and advisory firm Tabb Group. " You would expect Nasdaq to make the next move."

< ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Breakingviews-LSE on better side of deal [ID:nLDE7180P0]
Breakingviews on NYSE/Deutsche Boerse [ID:nN09182228]
Reuters Insider: Larry Tabb http://link.reuters.com/syt87r
Reuters Insider: Drive to diversify [ID:nRTV187395]
Take a Look: [ID:nLDE7180MZ]
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
Nasdaq, given its $5.1 billion market cap and focus on the intensely competitive, low-margin equities business, was more likely to be an acquirer than a target, Tabb said. Nasdaq might also wait to buy the survivor of two ongoing deals: the London-Toronto deal and a possible merger between Bats Europe and Chi-X Europe, Tabb said. Still, the LSE-TMX combination could be ambitious for Nasdaq given that it would have a larger market value, and Nasdaq's shares rallied 6.7 percent on Wednesday, indicating that some investors also view it as a possible target. The latest deals mark a return of the long-term consolidation trend among exchanges, which was interrupted by the financial crisis.

Singapore Exchange in October agreed to buy Australia's ASX in a deal valued at $7.8 billion.

In the last 10 years, deal activity between exchanges has totaled $94 billion from more than 600 deals, according to Thomson Reuters data. " On the one hand they are defensive, to contain costs, and on the other hand, they are on the attack," said Thomas Caldwell, CEO of Caldwell Securities Ltd in Toronto, which owns shares in most of the major global securities markets. " Exchanges have to act to respond to alternative trading systems, and they also have to act to bring their costs down.

" Shares of CBOE Holdings Inc , which runs the oldest U.S. stock-options exchange, also surged as investors pegged it as an acquisition target. [ID:nN09173306] CBOE is probably an obvious pick in terms of, " if it's not a consolidator, it's probably a target," said Ed Ditmire, an analyst at Macquarie Securities. CME Group Inc has long been seen as a potential acquirer for CBOE. CME officials have said they are not planning any large acquisitions and have promised to return excess cash to investors in the form of dividends or share buybacks. A CME spokeswoman declined comment on Wednesday. IntercontinentalExchange Inc , which trades energy futures as well as over-the-couter swaps, could also be a protagonist in dealmaking in the coming months.

ICE, which bought London-based European Climate Exchange last year for nearly $600 million, sees " a lot of opportunity in the changes that are going on," Chief Financial Officer Scott Hill said on Wednesday. But he added it is " proceeding cautiously on the M& A side, because what we don't want to do is we don't want to acquire to build scale." Nasdaq, NYSE and a combined LSE and TMX would also look to Asia, where all three groups would have gaps in their footprints, bankers said.

COMPLEX DEALS
Exchanges deals, however, are notoriously difficult to pull off. One major challenge is politics as exchanges can tend to be seen as national symbols, making countries skittish about giving control to a foreign entity. There is very little chance, for instance, China's Shenzhen and Shanghai Stock Exchanges or the Hong Kong exchange will join the global M& A activity despite their rapid growth.

Vaunted expectations on price and high valuations could also be roadblocks for deals. " As it relates to CBOE, there is a huge differential in terms of what their shareholders think they are worth and where the market's valuing them," a financial institutions investment banker said. " No one is going to bridge that gap."

The shares of Brazil's BM& F Bovespa , the world's third-biggest exchange operator, surged on Wednesday. But " it's so expensive and so big I don't know that anyone could buy them," said Patrick O'Shaughnessy, an analyst at Raymond James.

CBOE and Nasdaq are among the juiciest targets, said Richard Repetto, an exchange analyst for Sandler O'Neill. Spokesmen for both exchange declined to comment. CBOE is attractive for its large market share in the fast-growing market for stock options as well as its profitable and exclusive S& P 500 index options, and Nasdaq for its global technology business as well as its equity and options trading, Repetto said. While consolidation makes the most sense in the ultra-competitive world of securities trading, some futures markets could also take the opportunity to acquire competitors.

" There is an opportunity for everybody," he said. (Additional reporting by Ann Saphir in CHICAGO, with Saeed
Azhar in SINGAPORE, Phil Wahba in NEW YORK, Kelvin Soh in HONG KONG, Rachel Armstrong in SINGAPORE, Soo Aipeng in SHANGHAI and Tim Kelly in TOKYO, editing by Matthew Lewis)
((paritosh.bansal@thomsonreuters.com + 1 646 223 6113
Reuters Messaging: paritosh.bansal.reuters.com@reuters.net))

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10-Feb-2011 20:37

China Paper / handon trading...

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I may think with China paper full year result coming soon, likely is been control, for more collection by BBs.

Time Last Volume Bid/Ask
17:05:01 0.150 Volume - 422,000 A
16:59:55 0.150 Volume - 1,360,000 A

Just my own imagination. (sold by, but bot back again...humm.)

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10-Feb-2011 20:26

Sri Trang Agro / Thai Sri Trang sets IPO price at S$1.20

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Just info sharing. JP Morgan has ceased to be a substantial shareholder liao.

J.P. Morgan Securities Limited and JPMorgan Asset Management (S'pore) Limited. Through a series of transactions, J.P. Morgan Securities Limited disposed of a total of 2,660,000 Shares, As a result, the aggregate deemed interest of JPMorgan Chase & Co in the Company has been reduced to below 5% of the Company's issued share capital and JPMorgan Chase & Co has ceased to be a substantial shareholder of the Company.

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10-Feb-2011 20:20

Trading Techniques / SGX chum liao, if do not marry ASX

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teeth53 thot - Hong Kong reply to merger players and has a near-monopoly position backup by China.

10-02-2011 20:03:07
BREAKINGVIEWS-HK need not join exchange mega-mergers

The author is a Reuters Breakingviews columnist. The opinions expressed are his own -- By John Foley

HONG KONG, Feb 10 (Reuters Breakingviews) - As the world's major bourses bulk up to create global trading platforms, Hong Kong Exchanges and Clearing stands alone. It is the world's biggest exchange operator by market capitalisation, and its own shares trade at 38 times forward earnings, twice the global average.

It could probably have its pick of targets, when comes to mega-mergers, Hong Kong can afford to bide its time.

Not that Hong Kong can ignore the competitive threat. Mergers between Deutsche Boerse and NYSE Euronext, London and Toronto, and Singapore and Sydney all look designed, in part, to pinch some of Hong Kong's prize listings.

Large mining IPOs, and even luxury goods companies like Prada, have started gravitating to where their future customers are: China. If acquisitions were wanted, Hong Kong has what seems like the ideal currency, a sky-high valuation, as foreign investors can't directly buy into mainland China stocks and has a near-monopoly position.

A slew of innovations like yuan-denominated IPOs and bonds promise to bring more volume into the city. But the share price is punchy, by any standards. Size also creates a snag. Recent exchange deals have been structured as mergers of equals. Politicians and managers don't like to see their local exchange come out as the junior partner.

Even non-flag carrying exchanges might gulp at the terms: Hong Kong's equity is worth five times that of NASDAQ, for example. Still, while other exchanges are tied up in knots, Hong Kong can focus on what it does best: cosying up to the Chinese mainland.

It also needs to spruce up its technology which lags behind same-sized rivals while pushing into derivatives and modernising its market practices. While other exchanges talk about 24-hour trading, Hong Kong still closes for two hours over lunch. The crop of mega-mergers might spur faster change.

Local tycoon Li Ka-shing already gave another wake-up call when he chose Singapore to list his Hutchison Whampoa shipping business last month.

One day China will open its capital markets. For time being, however, Hong Kong must focus on being top-notch. It can do that without in merger frenzy.

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10-Feb-2011 17:16

China Paper / handon trading...

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Wah...who is this buyer?. Bot up (A) so much. Almost a split second before closing time.

Time	Last	Volume	Bid/Ask
17:05:01	0.150	422,000	A
16:59:55	0.150	Volume - 1,360,000	A

teeth53 ( Date: 10-Feb-2011 16:51) Posted:

Wah...Who huh?. bot so much from willing seller....Ai Huat Liao...Arhh.

14:16:13

0.150c

Volume - 1,300,000

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10-Feb-2011 16:51

China Paper / handon trading...

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Wah...Who huh?. bot so much from willing seller....Ai Huat Liao...Arhh.

14:16:13

0.150c

Volume - 1,300,000

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10-Feb-2011 13:11

Sri Trang Agro / Thai Sri Trang sets IPO price at S$1.20

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Morning closed $1.24. Volume--3,579,000 million changed hands

Sri Trang

1.270

1.240

-0.030c

-2.4%

3,579,000

240,000

1.240

259,000

Time	Last	Volume	Bid/Ask
12:26:14	1.240	10,000	B
12:25:08	1.240	9,000	B
12:17:18	1.240	4,000	B
12:15:55	1.240	230,000	A

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10-Feb-2011 11:58

UniFiber System / UniFiber

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Court orders UniFiber to pay $25 million fine

SINGAPORE - Mainboard-listed United Fiber System, or UniFiber, said yesterday that a Singapore court had decided that the company should pay a fine of US$19.7 million ($25.1 million).

In it statement, the forestry and construction firm said the fine was payable to China National Machinery & Equipment Import & Export Corporation (CMEC). However, Unifiber, which has its main assets in Indonesia, had calculated the debt it owed to CMEC at about US$17 million.

Unifiber said that the court would hear further arguments on the amount owed if both parties were unable to reach an agreement on this between themselves. The Singapore court has also decided that the company has until Feb 18 to make the payment, in which case no presumption of insolvency will arise in relation to CMEC's demand, the statement said.

Unifiber said it would consider all available options for payment. Specifically, it pointed to the positive cash flows from the company's construction unit, as well as the accessibility to its undrawn financing facilities. These include an undrawn balance equity credit line of $52.5 million from a financial institution, which is available until July 2014.

Travis Teo (todayonline.com)

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10-Feb-2011 11:51

Sri Trang Agro / Thai Sri Trang sets IPO price at S$1.20

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Some form for BBs with strong holding power to cause weak holders to let go, look like morning trade going to end at $1.22/$1.23. Scare pple's isit ? - let see...humm.

teeth53 ( Date: 10-Feb-2011 11:32) Posted:

Wahh....Kelong, really kelong stk kena manipulated...kena gap down by BBs.

Time	Last	Volume	Bid/Ask
11:28:19	1.220	74,000	B
11:26:33	1.230	1,000	A
11:26:02	1.230	10,000	A
11:25:47	1.220	247,000	B
11:25:24	1.230	10,000	A
11:25:21	1.230	11,000	B
11:24:58	1.230	100,000	B
11:24:55	1.250	10,000	A
11:24:43	1.230	100,000	B
11:24:28	1.240	210,000	B
11:07:52	1.250	20,000	B
11:07:45	1.250	130,000	A

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10-Feb-2011 11:32

Sri Trang Agro / Thai Sri Trang sets IPO price at S$1.20

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Wahh....Kelong, really kelong stk kena manipulated...kena gap down by BBs.

Time	Last	Volume	Bid/Ask
11:28:19	1.220	74,000	B
11:26:33	1.230	1,000	A
11:26:02	1.230	10,000	A
11:25:47	1.220	247,000	B
11:25:24	1.230	10,000	A
11:25:21	1.230	11,000	B
11:24:58	1.230	100,000	B
11:24:55	1.250	10,000	A
11:24:43	1.230	100,000	B
11:24:28	1.240	210,000	B
11:07:52	1.250	20,000	B
11:07:45	1.250	130,000	A

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10-Feb-2011 11:28

Trading Techniques / SGX chum liao, if do not marry ASX

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D, D, D, and Different thinking, different cultures, difficult to merge going by historical difficulties.

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10-Feb-2011 11:19

Sri Trang Agro / Thai Sri Trang sets IPO price at S$1.20

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Ya...U, if got spare...!!, just now trade at $1.22., can buy some n tempoary hold.

alianto1969 ( Date: 10-Feb-2011 11:16) Posted:

who me ? I have 30 lot but im not letting go yet.

teeth53 ( Date: 10-Feb-2011 11:12) Posted:

U got spare ?. U can have opportunities to buy just now, drop to $1.22, now trading at $1.25c

Xian, very xian--can oni watch and do this recommendation.

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10-Feb-2011 11:12

Sri Trang Agro / Thai Sri Trang sets IPO price at S$1.20

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U got spare ?. U can have opportunities to buy just now, drop to $1.22, now trading at $1.25c

Xian, very xian--can oni watch and do this recommendation.

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10-Feb-2011 10:39

Sri Trang Agro / Thai Sri Trang sets IPO price at S$1.20

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Kelong stk look good for px stabliing, saw it traded down, down to $1.22, no money to buy, just watch oni, now trading up to $1.24/$1.25, should be able to reach ur TP px.

alianto1969 ( Date: 10-Feb-2011 10:24) Posted:

yeah good news but bad timing. If there isnt the border conflict now this news will be like winning the lottery heheheh. Cos its near the northeast border that is effected. Have vol and holding pow will hold longer. Tks for info bro. the indonesia plantation increase i already know 2 months back but the thailand increased supply i just know from your info.

teeth53 ( Date: 10-Feb-2011 10:16) Posted:

STA_Notification_9_Feb_2011.pdf

MISCELLANEOUS :: NOTIFICATION OF THE CAPITAL INCREASE IN SUBSIDIARIES FOR CAPACITY EXPANSION PROJECTS

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10-Feb-2011 10:25

Straits Times Index / STI to cross 3000 boosted by long-term investors

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HK Hang Seng opening.........

-204.96 pt to

> > 22,959.07

Straits Times index down..........

-16.06 pt to

3,134.50 points

teeth53 ( Date: 09-Feb-2011 20:05) Posted:

https://www.ketrade.com.sg/page/SLQG_NewsArticleFrame.jsp?ARTICLE_ID=4812067

09-02-2011 19:51:40
SE Asia Stocks-China rate hike sparks selling

* Singapore at year low China rate move hurts developers

* Philippine at one-week low rate review on Feb 10
* Most sharemarkets record foreign outflows

teeth53 ( Date: 09-Feb-2011 09:15) Posted:

teeth53 thot--Just sharing, interest rate on d rise.

09-02-2011 08:59:05
TAKE A LOOK-Asia c.banks: China raises interest rates, more to come

China raised interest rates on Tuesday for the second time in just over six weeks, intensifying its battles against stubbornly high inflation that threatends to unsettle global financial markets.
For stories on central bank moves, double click in brackets:

FEBRUARY
> China raises rates to battle high inflation [ID:nTOE706030]
> Indonesia cbank raises rates,cites food prices[ID:nL3E7D40AH]
> Australia cbank holds rates, looks past floods[ID:nL3E7CV06C]

JANUARY
> Malaysia cbank holds rates, inflation modest [ID:nL3E7CR122]

> NZ cbank holds rates, waits on robust recovery[ID:nL3E7CQ24I]
> Indian c.bank raises key rates 25 bps [ID:nBAY002192]
> SKorea steps up inflation battle, raises rates[ID:nTOE70C032]
> Thai c.bank raises rates 25 bps to tame prices[ID:nSGE70B051]
> Indonesia cbank holds rates steady as expected[ID:nL3E6N20KH]

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10-Feb-2011 10:16

Sri Trang Agro / Thai Sri Trang sets IPO price at S$1.20

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STA_Notification_9_Feb_2011.pdf

MISCELLANEOUS :: NOTIFICATION OF THE CAPITAL INCREASE IN SUBSIDIARIES FOR CAPACITY EXPANSION PROJECTS

alianto1969 ( Date: 10-Feb-2011 10:11) Posted:

tks for info but i clicked and it was filled with error couldn't read anything

teeth53 ( Date: 09-Feb-2011 23:56) Posted:

Hi alianto,

Lastest news on Sri Trang

PDF 1: SRI TRANG AGRO-INDUSTRY PCL (Miscellaneous :: Notification Of The Capital Increase In Subsidiaries For Capacity

http://pdf.reuters.com/sgxnews/sgxnews.asp?i=43059c3bf0e37541& u=urn:newsml:reuters.com:20110209:nSN2961201

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10-Feb-2011 09:17

Trading Techniques / SGX chum liao, if do not marry ASX

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10-02-2011 09:01:55
Singapore Hot Stocks-SGX up on improved prospects for ASX bid

SINGAPORE, Feb 10 (Reuters) - Shares of Singapore Exchange, Asia's second-largest listed bourse, rose as much as 1.3 percent on Thursday due to improved prospects for its planned acquisition of Australia's ASX .

At 0104 GMT, Singapore Exchange was 1.2 percent higher at S$8.44 with 437,000 shares traded. Deutsche Boerse is in advanced talks to buy NYSE Euronext in a deal that would create the world's largest trading powerhouse. [ID:nLDE71808S]

The news came only hours after the London Stock Exchange said it had agreed to buy Canadian market operator TMX , marking a shake-up for an industry under intense cost pressure from upstart electronic rivals. " Having seen so many mergers in the global market recently, Australia may better accept the prospect of being a part of a larger group and it's paved the way for Australians to accept the reality of today's world," said Magdalene Choong, an analyst at Phillip Securities.

ASX shares jumped more than 4 percent in Australian trading on Thursday. [ID:nSYU010798]

(Reporting by Charmian Kok)
((charmian.kok@thomsonreuters.com)(+65 6403 5666)(Reuters

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10-Feb-2011 09:06

Trading Techniques / SGX chum liao, if do not marry ASX

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NYSE Euronext says it's in merger talks with Germany's Deutsche Boerse ...

[Feb 9, 2011] BERLIN (AP) — Stock market operator NYSE Euronext said Wednesday that it is in " advanced discussions" about a possible merger with Germany's Deutsche Boerse ...

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10-Feb-2011 08:56

Eratat Lifestyle / Eratat - is the mkt missing out on something?

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Eratat_2011_02_09_Placement.pdf

APPLICATION FOR THE LISTING & QUOTATION OF 81,900,000 ORDINARY SHARES IN THE CAPITAL OF THE COMPANY.

Announcement" ) in relation to the placement of the Subscription Shares (the " Proposed Subscription" ), the board of directors of the Company (the “Board”) wishes to announce that Singapore Exchange Securities Trading Limited (the " SGX-ST" ) has today indicated that it is unable to agree to the Company's application for the listing and quotation of 81,900,000 Subscription Shares (the " SGX-ST Decision" ).Listing Manual" ) provides, inter alia, that an issue of shares must not be priced at more than 10% discount to the weighted average price for trades done on the SGX-ST for the full market day on which the placement or subscription agreement is signed.

Further to our announcement on 26 January 2011 (the "

Rule 811 of the listing manual of the SGX-ST (the "

timqoo ( Date: 10-Feb-2011 08:17) Posted:

SGX protecting investors? the only way is to buy more from open market or offer another placement price closer to market price Smiley

eratat result out soon?

teeth53 ( Date: 09-Feb-2011 23:49) Posted:

Latest News from SGX...

PDF 1: ERATAT LIFESTYLE LIMITED (Change In Capital :: Placement :: Application For The Listing & Quotation Of 81,900,000

http://pdf.reuters.com/sgxnews/sgxnews.asp?i=43059c3bf0e37541& u=urn:newsml:reuters.com:20110209:nSN2971211

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10-Feb-2011 00:04

$ Esmart / ESMART HOLDINGS LIMITED

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Dato' Sri Adam Sani bin Abdullah
Notice: Notice of a Director's (including a director who is a substantial shareholder)

Allotment and issue of 10,468,539 ordinary shares in the capital of Esmart Holdings Limited at an issue price of SGD0.3153 to the shareholders of DFZ Capital Berhad, pursuant to the Mandatory General Offer.

Dato' Sri Adam Sani bin Abdullah is deemed interested in the shares and warrants held by Atlan Holdings Bhd through Distinct Continent Sdn Bhd. His son, Sebastian Paul Lim Chin Foo has a majority interest in Distinct Continent Sdn Bhd.

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