HSBC Holdings plc is deemed to have an interest in HSBC International Trustee Limited's [HKIT] interest in United Malacca Berhad [UMB] for the following reasons:-
1. HSBC Trustee (Singapore) Limited [HSBC Trustee] is the trustee of trusts that holds 17,768,485 shares in UMB.
2. HKIT owns the entire issued capital of HSBC Trustee.
3. HKIT is the trustee of a trust that holds 100,000 shares in UMB.
4. HSBC Private Banking Holdings (Suisse) SA [HSBC Suisse] owns the entire issued capital of HKIT.
5. HSBC Finance (Netherlands) [HSBC Netherlands] owns the entire issued capital of HSBC Suisse.
6. HSBC Holdings plc owns the entire issued capital of HSBC Netherlands.
The change is because HKIT has ceased to be the trustee of the trust on 30 November 2016.