News

Bonus Issue Of 8,276,200 New Ordinary Shares

On 28 January 2002, Qian Hu Corporation Limited (the "Company") announced a proposed bonus issue (the "Bonus Issue") of 8,276,200 new ordinary shares of S$0.10 each in the capital of the Company on the basis of one (1) ordinary share of S$0.10 each (the "Bonus Share") for every ten (10) existing ordinary shares of S$0.10 each held by the shareholders of the Company (the "Shareholders") on a date to be determined by the Directors of the Company (the "Books Closure Date"). The Books Closure Date will be announced subsequently.

The Company is pleased to announce that in-principle approval has been granted by the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 7 February 2002 in respect of the Bonus Issue and the listing and quotation of the Bonus Shares arising from the proposed Bonus Issue.

It should be noted that the above in-principle approval granted by SGX-ST is not an indication of the merits of the Bonus Issue.


By Order of the Board

Kenny Yap Kim Lee
Executive Chairman and Managing Director
7 February 2002