GEC has a deemed interest in STC's shareholdings in MSC pursuant to Section 6A(4)(c) of the Companies Act 1965. The changes arose from : (i) assignment by STAR(M) of its rights to purchase under the conditional Share Acquisition Agreement dated 29 August 2006 (SAA) entered between STAR(M), SIPL and MMC Corporation Bhd to SIPL and Baxterley, and (ii) the completion of the SAA on 18 September 2006.