Highlights

[ASIABRN] Notice of Person Ceasing Substantial Shareholders - MULTI-PURPOSE CREDIT HOLDINGS SDN BHD on 21-Oct-2004

Stock [ASIABRN]: ASIA BRANDS BERHAD
Announcement Date 21-Oct-2004

Substantial Shareholder's Particular:

Name MULTI-PURPOSE CREDIT HOLDINGS SDN BHD

Details of Changes:

Currency -

Date of Change Type Number of Shares
01-Aug-2001 Disposed 0

Nature of Interest Indirect
Shares Ordinary Shares of RM1.00 each
Reason Multi-Purpose Credit Sdn Bhd ["MPC"] had ceased to be a substantial shareholder of Hing Yiap Knitting Industries Berhad ["HYKI"] as a result of the amendment made to Section 69D of the Companies Act, 1965 effective from 1 August 2001 wherein a person is considered to be a substantial shareholder in a company if he holds not less than 5% of the total voting shares in a company. Prior to the above amendment, a person is considered to be a substantial shareholder if he holds not less than 2% of the total voting shares in a company. Arising from MPC's cessation as a substantial shareholder of HYKI, Multi-Purpose Credit Holdings Sdn Bhd had also ceased to be a substantial shareholder of HYKI.


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