Interested parties, including
Kris Wiluan, (37.7%)
Pacific One,
Advanti Pte,
holding a combined 159,148,291 (47.2%)
shares, have undertaken to subscribe for their
entitlement to 39,787,073 warrants,
and subscribe for excess warrants of up to 44,383,561 warrants
not taken up by minority shareholders.
Hence,there is no need to appoint an underwriter for the
issue.