Pilgrim Partners Asia (Pte.) Ltd. ("Pilgrim") is a fund manager. It is intended for the 224,392,511 shares in Fu Yu Corporation Limited acquired by Pilgrim to be held by a variable capital company ("VCC") to be incorporated and established by Pilgrim as fund manager. It is intended for the VCC to be structured as a closed end fund with Wang Shao Ren (Wang Shaoren) @ Ong Shao Jin as a member holding an 85% shareholding. As mentioned in paragraph 8 of Substantial Shareholder A's notification, completion under the sale and purchase agreement has not taken place.
Pilgrim Partners Asia (Pte.) Ltd. ("Pilgrim") is a fund manager. It is intended for the 224,392,511 shares in Fu Yu
ReplyDeleteCorporation Limited acquired by Pilgrim to be held by a variable capital company ("VCC") to be incorporated
and established by Pilgrim as fund manager. It is intended for the VCC to be structured as a closed end fund
with Wang Shao Ren (Wang Shaoren) @ Ong Shao Jin as a member holding an 85% shareholding.
As mentioned in paragraph 8 of Substantial Shareholder A's notification, completion under the sale and
purchase agreement has not taken place.