Standard Chartered Asia Limited had a deemed interest, by virtue of Section 6A of Companies Act, in SHMB held through its wholly owned subsidiary, SCPEL.
Standard Chartered Asia Limited’s direct wholly owned subsidiary ie SCPEL’s direct interest in SHMB has ceased because SCPEL had on 25 March 2013 completed its disposal of 98,014,500 shares in SHMB to Kuok Brothers Sdn Berhad via a direct business transaction, pursuant to a share purchase agreement dated 20 March 2013 entered into between SCPEL and Kuok Brothers Sdn Berhad.