Ample Echo Limited ("AEL") had on 2 June 2006 purchased 40,000,000 shares in the capital of Eastern & Oriental Berhad ("E&O"), representing 16.5% of E&O's share capital, at a consideration of RM1.35 per ordinary stock unit.
E&O's 79% owned subsidiary E & O Property Development Berhad ("EPD"), has a wholly owned subsidiary, Samudra Pelangi Sdn Bhd ("Samudra"). Samudra holds 5,894,000 shares representing 10.04% of Fututech Berhad ("Fututech")'s issued share capital. AEL thus has a deemed interest in 10.04% of the share capital of Fututech.
EPD also holds 8,723,000 shares representing 14.85% of Fututech's issued share capital. AEL thus has a deemed interest in 14.85% of the share capital of Fututech.
AEL thus has a total deemed interest in Fututech of 14,617,000 shares, or approximately 24.89% of the ordinary issued share capital of Fututech.