Yanlord Perennial Investment (Singapore) Pte Ltd ("Yanlord Perennial") has acquired 33.5% of the voting shares in United Engineers Limited ("UEL") pursuant to a sale and purchase agreement dated 13 July 2017.
As a result of the above, Yanlord Perennial has deemed interest in Apex Healthcare Berhad ("Apex") through the interest held by UE UMC Pte Ltd ("UE UMC"), a wholly-owned subsidiary of UEL by virtue of Section 8 of the Companies Act 2016.
Pursuant to Section 8, the following persons shall also be deemed to have interest in Apex through interest held by UE UMC:
(a) Perennial UW Pte Ptd ("Perennial UW"), by virtue of its interest in Yanlord Perennial;
(b) Perennial Singapore Investment Holdings Pte Ltd ("Perennial Singapore"), by virtue of its interest in Perennial UW;
(c) Perennial Real Estate Holdings Limited ("Perennial Real Estate"), by virtue of its interest in Perennial Singapore; and
(d) HPRY Holdings Limtied, by virtue of its interest in Perennial Real Estate.