MAS IMPOSES COMPOSITION AMOUNT OF $2,500 ON DUBAI INVESTMENT GROUP LTD FOR FAILING TO NOTIFY THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED ["SGX-ST"] OF CHANGE IN SUBSTANTIAL SHAREHOLDINGS

1       On 27 October 2009, Dubai Investment Group Ltd ["DIG"] 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       DIG failed to notify SGX-ST of its deemed shareholding change in Sing Holdings Ltd ["SHL"] which took place on 5 November 2008.  DIG also failed to notify SHL of its deemed shareholding change.  As a result, SHL was unable to disseminate the information to the market as required under Rule 704(3) of the SGX Listing Manual .

Substantial shareholders are required to 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.