Holding(s) in Company

RNS Number : 0281M

Velosi Limited

17 May 2010

 



Velosi Limited ("Velosi" or the "Group")

Holdings in Company

Velosi has been notified that on 13 May 2010, Velosi (M) SDN BHD ("Velosi (M)") transferred its entire holding of 6,956,955 ordinary shares of US0.02 each in Velosi ("Ordinary Shares") to Axzar Investment Limited ("Axzar").  Following the transfer, Axzar is now interested in 8,575,632 Ordinary Shares representing approximately 17.72% of the Company's issued ordinary share capital and Velosi (M) no longer has an interest in the Ordinary Shares.  Velosi has been notified that there has been no change in the beneficial holdings with Axzar holding the Ordinary Shares for the benefit of Mohamed Ashari Bin Abas and Dato Mohd Jai Bin Suboh.

For further information, please contact:

Velosi Limited	Dr Nabil Abdul Jalil Dan Ooi	020 7930 0777
Strand Hanson Limited	James Harris Richard Tulloch	020 7409 3494
Charles Stanley Securities	Mark Taylor	020 7149 6000
Cardew Group	Tim Robertson Catherine Maitland	020 7930 0777

 

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