Viz Branz

[yeokiwi]

http://info.sgx.com/webcoranncatth.nsf/V...E000A317B/$file/Settlement.pdf?openelement

1. The parties have entered into a settlement agreement in relation to the Suit on a without admission
of liability basis.
2. The terms of the settlement agreement are confidential, save that pursuant to the settlement, CBB
shall transfer to CKP or his nominee 53,258,361 shares in the capital of the Company (each a "Share")
("Transfer") within 5 business days of the date of receipt of the Securities Industry Council's ("SIC")
written decision on CKP's application for an exemption from making a general offer which may result
under the Singapore Code on Takeovers and Mergers ("Code") due to the Transfer.
3. CBB currently owns approximately 50.15% of the entire issued and paid up Shares (excluding treasury
Shares), and subsequent to the Transfer, shall hold approximately 35.20% of the entire issued and
paid up Shares (excluding treasury Shares).

Chim... now the father has the upper hand???