[AVALAND] Notice of Person Ceasing Substantial Shareholders - MEGASTART SDN BHD on 02-Apr-2015

Highlights

Stock	[AVALAND]: AVALAND BERHAD
Announcement Date	02-Apr-2015

Name	MEGASTART SDN BHD

Currency

Malaysian Ringgit (MYR)

Date of Change		Type	Number of Shares
	01-Apr-2015	Disposed	0

Nature of Interest	Direct interest
Shares	Ordinary Shares of RM1.00 each
Reason	Completion by GW Plastics Holdings Berhad (“GWH”) of the proposed acquisition of MCT Consortium Berhad for a total consideration of RM1,154,639,226 satisfied by the issuance of 1,032,420,869 ordinary shares of RM1.00 each and RM122,218,357 nominal value of 36-month zero coupon irredeemable convertible unsecured loan stocks, thereby reducing Megastart Sdn Bhd’s shareholdings in GWH to below 5%.

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