Consequent upon the listing of and quotation for the entire enlarged issued and paid-up share capital of Malaysia Smelting Corporation Berhad ("MSC" or "the Company")of RM100,000,000 comprising of 100,000,000 MSC shares on the Main Board of The Singapore Exchange Securities Trading Limited on 27 January 2011, The Straits Trading Company Group's shareholding in MSC has reduced from 73.12% to 54.84%.
The Cairns Pte Ltd, holds a 88.94% interest in The Straits Trading Company Limited and is accordingly, deemed to be interested in MSC via shares held in aggregate by The Straits Trading Company Group.