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18 Jun 2010

First And Final Dividend For The Financial Year Ended 31 Dec 2009-Allotment And Issue Of New Shares Pursuant To Tuan Sing Holdings Limited Scrip Dividend Scheme

Tuan Sing Holdings Limited (the “Company”) wishes to announce that 8,713,668 new ordinary shares, fully-paid (“New Shares”), were allotted to shareholders who had elected to participate in the Company’s Scrip Dividend Scheme (the “Participating Members”) in respect of the first and final tax exempt one-tier dividend of 0.3 cent per ordinary share in the capital of the Company for the financial year ended 31 December 2009 (the “FY09 Dividend”).  Entitlements to the FY09 Dividend were based on shares held by shareholders on books closure date (5.00 pm on 30 April 2010).  The participation rate for the said scrip dividend was 53.6% of shareholdings.  

The New Shares were allotted on 14 June 2010 for crediting into the securities accounts of Participating Members, maintained with The Central Depository (Pte) Ltd and those registered in the Register of Members of the Company, on 18 June 2010.  The New Shares will rank pari passu in all respects with the existing ordinary shares of the Company.

Following the allotment and issuance of the New Shares, the issued and paid-up shares of the Company increased by 0.8% to 1,146,377,850 ordinary shares.

The New Shares will be listed and quoted on the Main Board of the Singapore Exchange Securities Trading Limited with effect from 9.00 a.m. on Monday, 21 June 2010.

Members who did not participate in the Company’s Scrip Dividend Scheme are being paid the FY09 Dividend in cash today, 18 June 2010.

Submitted by Mary Goh Swon Ping, Company Secretary, by order of the Board on 18/06/2010 to the SGX-ST