Asiaone 1-42

As at
Authorised Share Capital 29 February 2000 As adjusted
$’000 $’000
1,000,000,000 ordinary shares of 100,000
par value $0.10 each
2,000,000,000 ordinary shares of
par value $0.05 each 100,000
Shareholders’ Funds As at
29 February 2000 As adjusted
$’000 $’000
Share Capital 10,000 57,400
Share Premium — 78,200
Accumulated Losses (2,261) (2,261)
Total Shareholders’ Funds 7,739 133,339
DESCRIPTION OF OUR ORDINARY SHARES
The discussion below provides information about our share capital, the main provisions of our Articles
of Association and the laws of Singapore relating to our shares. This description is only a summary
and is qualified by reference to Singapore law and our Articles of Association.
Ordinary Shares
Our authorised capital is $100,000,000 consisting of 2,000,000,000 ordinary shares of par value
$0.05 each. We have only one class of shares, namely, our ordinary shares, which have identical
rights in all respects and rank equally with one another. Our Articles of Association provide that we
may issue shares of a different class with preferential, deferred, qualified or other special rights,
privileges or conditions as our Board of Directors may determine and may issue preference shares
which are, or at our option are, subject to redemption, subject to certain limitations. Our Directors
may issue shares at a premium. If shares are issued at a premium, a sum equal to the aggregate
amount or value of the premium will, subject to certain exceptions, be transferred to a share premium
account.
As of the date of this Prospectus, 1,000,000,000 ordinary shares of par value $0.05 are issued and
paid-up. All of our ordinary shares are in registered form. We may, subject to the provisions of the
Companies Act and the rules of the Stock Exchange, purchase our own ordinary shares. However,
we may not, except in circumstances permitted by the Companies Act, grant any financial assistance
for the acquisition or proposed acquisition of our own ordinary shares.
New Ordinary Shares
GENERAL INFORMATION ON OUR GROUP
New ordinary shares may only be issued with the prior approval of our shareholders in a general
meeting of our shareholders. The approval, if granted, will lapse at the conclusion of the annual
general meeting following the date on which the approval was granted. Our shareholders have given
us general authority to issue any remaining approved but unissued ordinary shares prior to our next
Annual General Meeting. Subject to the foregoing, the provisions of the Companies Act and any
special rights attached to any class of shares currently issued, all new ordinary shares are under the
control of our Board of Directors who may allot and issue the same with such rights and restrictions
as it may think fit. Our shareholders are not entitled to pre-emptive rights under our Articles of
Association or Singapore law.
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