Kim Eng increases equity interest in ATR KinEng Fixed Income

Increase of 320,000 shares to 1,520,515 shares was driven by stock dividend of 400,515 shares and the issue of 800,000 new shares paid to Rezan.

The Board of Directors of Kim Eng Holdings Limited (the “Company”) wishes to announce that Rezan Pte Ltd (“Rezan”), a 100% owned subsidiary of the Company has increased its equity interest in ATR KimEng Fixed Income, Inc. (“ATRKE”) from 320,000 shares of Php100 each to 1,520,515 shares of Php100 each (“the Increase”).

The Increase was a result of the stock dividend of 400,515 shares of Php100 each paid to Rezan and the issue of 800,000 new shares of Php100 each at par to Rezan in proportion to the respective shareholdings of ATRKE’s shareholders, according to a Kim Eng report.

Rezan’s equity interest in ATRKE remains unchanged at 80%.

The Company’s Chairman and CEO, Mr Ronald Anthony Ooi Thean Yat is a director of Rezan and Mr Judd Clark Kinne, an alternate director to Mr Lau Wai Kwok, is a director of ATRKE.