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GENERAL AND STATUTORY INFORMATION<br />

(c) An Internet payment gateway fee of 0.75% of the Offering Price for each New Share will<br />

be payable by our Company through Citicorp to the Internet Banks and Internet Stockbrokers<br />

in respect of successful applications made pursuant to the Internet Offer Tranche through<br />

the respective IB website of the Internet Banks and Internet IPO website of the Internet<br />

Stockbrokers.<br />

(d) Brokerage will be paid by our Company through Citicorp to members of the SGX-ST,<br />

merchant banks and members of the Association of Banks in Singapore in respect of<br />

successful applications made on Application Forms bearing their respective stamps or to<br />

Participating Banks in respect of successful applications made through ATM Electronic<br />

Applications at their ATMs, at the rate of 1% of the Offering Price for each New Share.<br />

Brokerage will be paid by our Company to Citicorp (as Placement Agent) and ING Barings<br />

(as Joint Placement Agent) at the rate of 1% of the Offering Price for each Placement<br />

Share.<br />

(e) Save as aforesaid, no commission, discount or brokerage has been paid or other special<br />

terms granted within the two years preceding the date of this Prospectus or is payable to<br />

any Director, promoter, expert, proposed Director or any other person for subscribing or<br />

agreeing to subscribe or procuring or agreeing to procure subscriptions for any shares in<br />

or debentures of our Company.<br />

(f) The Management and Underwriting Agreement may be terminated by Citicorp at any time<br />

on or before the close of the Application List on the occurrence of certain events including,<br />

inter alia, any change or prospective changes in the political, financial, economic, monetary<br />

or legal conditions in Singapore or internationally which, in the opinion of Citicorp, would<br />

result or be likely to result inter alia, in material adverse fluctuations or adverse conditions<br />

in the stock market in Singapore or prejudice the success of the Invitation.<br />

(g) The Placement Agreement is conditional upon the Management and Underwriting Agreement<br />

not having been terminated or rescinded pursuant to the provisions of the Management<br />

and Underwriting Agreement.<br />

MISCELLANEOUS<br />

26. The nature of the business of our Company is stated on in the “Business” section of this<br />

Prospectus. The corporations which are deemed to be related to our Company by virtue of<br />

Section 6 of the Companies Act are set out in the “General Information on our Group – Group<br />

Structure” and the “Financial Statements” sections of this Prospectus.<br />

27. The time of opening of the Application List is set out in the “Details of Our Invitation – Indicative<br />

Timetable For Listing” sections of this Prospectus.<br />

28. The amount payable on application is $0.60 for each New Share. There has been no previous<br />

issue of shares by our Company or offer for subscription of its shares, to the public within the<br />

two years preceding the date of this Prospectus.<br />

29. Application monies received by our Company in respect of successful applications (including<br />

successful applications which are subsequently rejected) will be placed in a separate noninterest<br />

bearing account with Citibank (the “Receiving Bank”). In the ordinary course of business,<br />

the Receiving Bank will deploy these monies in the interbank money market. Our Company<br />

and the Receiving Bank have agreed pursuant to a letter dated 11 May 2000 (the “Receiving<br />

Bank Agreement”) that our Company will receive for their own account a 50% share of any net<br />

revenue in excess of $50,000 earned by the Receiving Bank from the deployment of such<br />

monies in the interbank money market. Any refund of all or part of the application monies to<br />

unsuccessful or partially successful applicants will be made without any interest or any share of<br />

such revenue or any other benefit arising therefrom.<br />

152

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