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In any event, we reserve the right to reallocate such number of New Shares as we deem
appropriate amongst the different tranches.
Investors may subscribe for any number of New Shares in integral multiples of 1,000 New
Shares. However, in the event that both the Internet Offer Tranche and the Public Offer Tranche
are substantially over-subscribed, to ensure a reasonable spread of shareholders, we may
limit the number of New Shares allocated to any single investor subscribing for New Shares
under the Internet Offer Tranche or the Public Offer Tranche to not more than 20,000 New
Shares or such other number of New Shares as we may prescribe. We have full discretion to
decide to allocate above or under this limit if we deem it appropriate to do so.
We have granted Citicorp the Over-Allotment Option, exercisable within 30 days from the date of this
Prospectus, to subscribe for up to 22,200,000 additional New Shares to cover over-allotments in our
Invitation.
(i) Internet Offer Tranche
DETAILS OF OUR INVITATION
Individuals in Singapore from whom we have received valid registrations as users at our website
“www.asiaone.com/registration” during the period commencing on 17 May 2000 and ending at
8.00 a.m. on 31 May 2000, will be notified by us via e-mail to apply for New Shares under the
Internet Offer Tranche through our IPO website “www.asiaone.com/IPO”. Individuals whose
registrations are received by us prior to or on 23 May 2000 will receive our e-mail notification
on 23 May 2000. In respect of individuals whose registrations are received by us after 23 May
2000, to the extent possible, we will acknowledge receipt of such registration within one hour
by way of return e-mail.
Such individuals must (a) not be corporations, sole-proprietorships, partnerships, chops or any
other business entities; (b) be over the age of 21 years; (c) not be undischarged bankrupts; (d)
apply for the New Shares in Singapore; (e) not apply for New Shares under the Public Offer
Tranche or the Placement Tranche; and (f) be customers who maintain Internet banking accounts
with the Internet Banks or Internet trading accounts with the Internet Stockbrokers.
Each Qualifying User may only submit one application for New Shares under the Internet
Offer Tranche. An investor who subscribes for New Shares under the Internet Offer
Tranche shall not make any separate application for New Shares under the Public Offer
Tranche or the Placement Tranche. Such separate applications will be deemed to be
multiple applications and shall be rejected.
The procedures for Internet Offer Tranche Application through our IPO website
“www.asiaone.com/IPO” are set out on pages 169 to 171 in Appendix A of this Prospectus.
The Internet Offer Tranche of initially 37,000,000 New Shares at the Offering Price represents
25% of the total number of New Shares initially available under the Invitation (before any exercise
of the Over-Allotment Option) and 3.2% of our post-IPO issued and paid-up share capital (before
any exercise of the Over-Allotment Option).
An applicant for New Shares under the Internet Offer Tranche must choose his preferred
Internet Bank or Internet Stockbroker in order to complete his application. As the Internet
IPO gateway of an Internet Bank or Internet Stockbroker may close before 8.00 a.m. on 1
June 2000, an applicant is requested to liaise with his preferred Internet Bank or Internet
Stockbroker on the last date and time the Internet Bank or Internet Stockbroker is
accepting applications through the Internet IPO gateway.
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