Hanton Capital Limited ("HCL") has on 18 October 2018 entered into a Share Sale and Purchase Agreement with Tan Sri Dato' Surin Upatkoon ("TDSU") on the acquisition of 99.99% shareholding interest in Pinjaya Sdn Bhd ("Pinjaya") of which Pinjaya is the substantial shareholder of MWE Holdings Berhad ("MWE") and in turn MWE is a substantial shareholder of the WCE Holdings Berhad ("WCE").
HCL is deemed to have indirect interest in these WCE shares held through Pinjaya.
Cedar Holdings Limited ("CHL") and Kularb Kaew Company Limited ("KKCL") are deemed to have indirect interests in the WCE shares held through HCL.
Cypress Holdings Limited ("Cypress") is deemed to have indirect interest in the WCE shares held through CHL and KKCL.
TDSU therefore ceased to have indirect interest in WCE shares held through Pinjaya but he is deemed to have indirect interest in the WCE shares held through Cypress.
