MAS IMPOSES COMPOSITION AMOUNT OF $2,500 ON TOH SOON HUAT FOR LATE NOTIFICATION TO THE SECURITIES EXCHANGE TRADING LIMITED ["SGX-ST"] OF CHANGES IN SUBSTANTIAL SHAREHOLDINGS

1  On 17 September 2007, Mr Toh Soon Huat ["Mr Toh"] paid a composition amount of $2,500 for contravening section 137 of the Securities and Futures Act ["SFA"] which requires substantial shareholders of listed companies to notify the securities exchange of a change in shareholdings.

2  On 4 and 14 July 2003, Mr Toh was late in notifying SGX-ST of his direct shareholding changes in Green World Holdings Ltd ["GWHL"].  Mr Toh was also late in notifying GWHL of his direct shareholding changes.  As a result, GWHL was unable to disseminate the information to the market as required under Rule 704(3) of the SGX Listing Manual.

Substantial shareholders should notify the securities exchange of changes in their shareholdings in a timely manner. This is necessary for the proper functioning of a fair, efficient and transparent market.