Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

HO WAH GENTING BERHAD

Particulars of Substantial Securities Holder

Name MR LIM HUI SING
Nationality/Country of incorporation Malaysia
Descriptions (Class)
Ordinary Shares
Name & address of registered holder
Vitaxel Hotels Group Sdn Bhd
Wisma Ho Wah Genting
No. 35, Jalan Maharajalela
50150 Kuala Lumpur

Date interest acquired & no of securities acquired

Date interest acquired 30 Oct 2019
No of securities 51,292,500
Circumstances by reason of which Securities Holder has interest
Settlement of shares pursuant to Debt Settlement Agreement
Nature of interest
Deemed Interest

Total no of securities after change

Direct (units)
0
Direct (%)
0
Indirect/deemed interest (units)
51,292,500
Indirect/deemed interest (%) 11.16
Date of notice 01 Nov 2019
Date notice received by Listed Issuer 01 Nov 2019


Remarks :
Deemed interested through Vitaxel Hotels Group Sdn. Bhd by virtue of Section 8(4) of the Companies Act, 2016.

The 12,437,800 settlement shares at an issue price of RM0.0804 per settlement share were issued by Ho Wah Genting Berhad ("HWGB")  to Vitaxel Hotels Group Sdn. Bhd., pursuant to Debt Settlement Agreement between HWGB and Vitaxel Hotels Group Sdn. Bhd. dated 16 August 2019.

The 38,854,700 settlement shares at an issue price of RM0.0804 per settlement share were issued by HWGB to Grande Legacy Inc (BVI)., pursuant to Debt Settlement Agreement between HWGB and Grande Legacy Inc (BVI) dated 16 August 2019. Grande Legacy Inc had nominated Vitaxel Hotels Group Sdn. Bhd. as nominated party to receive the settlement shares.


Announcement Info

Company Name HO WAH GENTING BERHAD
Stock Name HWGB
Date Announced 04 Nov 2019
Category Notice of Interest of Substantial Shareholder Pursuant to Section 137 of CA 2016
Reference Number CS1-17102019-00001