Sin Heng

Sin Heng: Grp has announced the reduction of its shareholding interest in associate co., Songcheong Engineering. As a result of the sale of the shares in Songcheon by Kim and Sin Heng, both Kim and grp will reduce each of their shareholding in Songcheon from 0.5m shares (50% of the shareholding interest in Songcheon) to 0.2m shares (20% of the shareholding interest in Songcheon). The purchase price for the Sale Shares was arrived at on a willing-buyer willing-seller basis, and taking into account the pro rated amount (being 30%) of NTA of Songcheon of $1.74m. Sin Heng resumes trading at 1.00 p.m.