SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM) PRINTED: 06/12/01 PAGE: 1
SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT
STOCK NAME : STAREASTnet.com (08010) * ISC as at 03/12/01 : 2,563,750,000
Name of Sub. Shareholder Date Reason Present Bal. Previous Bal. Share Jointly Held Corporate Interest Family Interest Note
------------------------ -------- ---------- --------------- --------------- ----------------------------------------- ----------------------------------------- ----------------------------------------- -----------
CHINA STRATEGIC HOLDING- 29/11/01 1,3,4,5 1,170,062,000 1,109,062,000 CHINA PHARMACEUTICAL IN- 12,348,000 N1
S LIMITED DUSTRIAL LTD
WEALTHY GAIN LTD 117,714,000
GLORY DYNAMIC LTD 1,040,000,000
FORTUNE JOURNEY LIMITED 04/12/01 1,2,4,5 1,040,000,000 N.A. GLORY DYNAMIC LTD 1,040,000,000 N2
GENIUS IDEAS LIMITED 04/12/01 3 564,400,000 225,760,000 N1
GLORY DYNAMIC LIMITED 04/12/01 1,2,4,5 1,040,000,000 N.A. N2
HANNY HOLDINGS LIMITED 04/12/01 3 564,400,000 225,760,000 GENIUS IDEAS LTD 564,400,000 N1
HANNY MAGNETICS (B.V.I.- 04/12/01 3 564,400,000 225,760,000 GENIUS IDEAS LTD 564,400,000 N1
) LIMITED
* ISC refers to the latest Issued Share Capital of the listed company recorded by the Exchange as at the date of this summaries. It might not promptly reflect
changes caused by share placements, rights issue, bonus issue, etc. Readers should exercise caution when using these figures.
***** END OF REPORT *****
GEM-Notes:
N1 Rights Issue
N2 Pursuant to a sale purchase agreement dated 24th September, 2001 (the
"Agreement"), Expert Solution Limited, a 65% owned subsidiary of
China Strategic Holdings Limited ("CSH"), agreed to dispose certain
media interests to STAREASTnet.com Corporation ("STAREASTnet") at a
consideration HK$210 million which would be partly satisfied by the
issuance of 1,040 million new ordinary shares of HK$0.1 each in the
capital of STAREASTnet to CSH or its nominee. Conditions precedent
to the completion of the Agreement have been fulfilled and completion
of the disposal has taken place on 4th December, 2001. Accordingly,
1,040,000,000 new shares in the issued share capital of STAREASTnet
have been issued to Glory Dynamic Limited, a wholly owned subsidiary
of CSH.
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