Omnibridge Holdings Limited — Major Shareholding Notification 2018

Apr 30, 2018

Announcement

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30 April 2018

High Concentration of Shareholding Omnibridge Holdings Limited (Stock Code: 8462)

This announcement is made by the Securities and Futures Commission (“SFC”) in respect of the concentration of the shareholding of Omnibridge Holdings Limited (“the Company”) in the hands of a limited number of shareholders as at 19 April 2018.

In view of the high concentration of shareholding in a small number of shareholders, shareholders and prospective investors should be aware that the price of the shares of the Company (“Shares”) could fluctuate substantially even with a small number of shares traded, and should exercise extreme caution when dealing in the Shares.

The SFC has recently completed an enquiry into the shareholding of the Company. Our findings suggested that as at 19 April 2018, 19 shareholders held an aggregate of 171,540,000 Shares, representing 28.59% of the issued Shares. Such shareholding, together with the 391,500,000 Shares (representing 65.25% of the issued Shares) held by a substantial shareholder of the Company, represented 93.84% of the issued Shares as at 19 April 2018. Therefore, only 36,960,000 Shares (representing 6.16% of the issued Shares) were held by other shareholders.

As at 19 April 2018, the shareholding structure of the Company was as follows:

			% of total
	Number ofShares held(shares)		number ofissued Shares(%)
Omnipartners Holdings Limited (Note 1)	391,500,000		65.25
A group of 19 shareholders	171,540,000		28.59
Other shareholders	36,960,000		6.16
Total	600,000,000		100.00

Note 1: Omnibridge Holdings Limited is owned as to 80% by Mr. Chew Chee Kian and 20% by Ms. Yong Yuet Han. Mr. Chew Chee Kian is the Chairman and Chief Executive Officer of the Company, and the spouse of Ms. Yong Yuet Han. Ms. Yong Yuet Han is the Executive Director of the Company.

The Shares were listed on the GEM Board of the Stock Exchange of Hong Kong limited by way of placing and public offer of 150,000,000 shares (representing 25% of the issued Shares) at HK$0.45 per share on 17 July 2017.

During the period from 13 December 2017 to 19 April 2017, the closing price of the Shares increased by 437% from HK$0.65 on 12 December 2017 to HK$3.49 on 19 April 2018. During

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this period, the Company has issued, inter alia, a profit warning on 1 March 2018 with an expected net loss for the year ended 31 December 2017 and a results announcement on 16 March 2018 for the year ended 31 December 2017, reporting a net loss of SG$1.29 million as compared with a net profit of SG$1.42 million for the corresponding period in 2016.

As at 27 April 2018, the closing price of the Shares was HK$2.62, representing an increase of 303% from the closing price of HK$0.65 on 12 December 2017, or an increase of 482% from the initial offer price of HK$0.45.

In view of the high concentration of shareholding in a small number of shareholders, shareholders and prospective investors should be aware that the price of the Shares could fluctuate substantially even with a small number of shares traded, and should exercise extreme caution when dealing in the Shares.

End

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