STAKES of eight substantial shareholders in Huan Hsin Holdings Limited, a contract manufacturer of telecommunications and electronics products, have been diluted following the placement of 65 million new ordinary shares on Monday. Hungchun Holdings Ltd's direct interest fell to 13.63 per cent from 16.28 per cent, but its shares remained at 54.53 million. Hungchun Assets Limited, on the other hand, is no longer a substantial shareholder as its stake fell to 4.54 per cent from 5.43 per cent. It holds 18.18 million shares. Also no longer a substantial shareholder is CCH Assets Limited. Its stake similarly fell to 4.54 per cent, or 18.8 million, from 5.43 per cent. Another shareholder, CCH Holdings Limited, saw its stake fall to 13.63 per cent from 16.28 per cent, while the number of shares it holds remains at 54.53 million.

Two other substantial shareholders, Hsu Hung Chun and Hsu Cheng Chien, saw their deemed interest drop to 18.9 per cent each, from 22.6 per cent each. Their stake now stands at 75.71 million shares each. Finally, shareholders Chang Yu Mei and Yang Yu Lin's direct interest fell to 0.75 per cent from 0.9 per cent each. They have three million shares each. Their deemed interest, on the other hand, is now 18.18 per cent, against 21.71 per cent before. They have deemed shares of 72.71 million each. Huan Hsin closed 1.5 cents higher at 91 cents yesterday.

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The Business Times