Highlights

[ASIABRN] Notice of Person Ceasing Substantial Shareholders - MAGNUM CORPORATION BERHAD on 29-Oct-2004

Stock [ASIABRN]: ASIA BRANDS BERHAD
Announcement Date 29-Oct-2004

Substantial Shareholder's Particular:

Name MAGNUM CORPORATION BERHAD

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 substantial shareholder of HYKI, Multi-Purpose Capital Holdings Berhad ["MPCH"] had also ceased to be a substantial shareholder of HYKI. Accordingly, Magnum Corporation Berhad no longer has an indirect interest in HYKI by virtue of Section 6A(4) of the Companies Act, 1965 via its interests in MPCH and had therefore ceased to be a substantial shareholder of HYKI.


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