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(Post 1 of 276)   10/07/1999.14:18:00
Author :
Candle		 Anyone knows when is the last trading day of New Toyo's rights (ses site is down)?

Thanks in advance.

(Post 2 of 276)   10/07/1999.14:25:00
Author :
Mossie		 Last day of trading is 12/10/99. Closing date is 20/10/99

(Post 3 of 276)   10/07/1999.20:58:00
Author :
Qiliang		 May I know if New Toyo's rights can be traded all the way up to their expiry dates?

In other words, why is their a last day of trading on 12/10/99?

(Post 4 of 276)   11/01/1999.16:22:00
Author :
Warren		 NEW TOYO WRTS ARE LISTED TODAY, VERY TIGHTLY TRADED IN RANGE OF 22-23.5c

ANYONE KNOWS THE STRIKE PRICE?

I ROUGHLY ESTIMATE THE MINIMUM COST OF THE NEW TOYO WRTS FOR SUBSCRIBERS TO BE ABOUT 23.5c. THAT I DETERMINED BY USING THE 10c SUBSCRIPTION PRICE PAYABLE FOR THE RIGHTS AND THE LAST DONE PRICE OF 13.5c. DURING THE NIL-PAID RIGHTS PERIOD, A TOTAL OF 4.6 MIL RIGHTS WERE TRADED BETWEEN 8 TO 13c.

IN ACTUAL FACT, THE COST TO HOLDERS OF THE WRTS IS MUCH HIGHER, BECAUSE THE MOTHER SHARES WERE AS HIGH AS 65c WHEN THESE WENT EX-RIGHTS. AS THE RATIO IS 1:5, THE WRTS COST QUITE A BIT IN LOST CAPITAL TO THOSE WHO BOUGHT CUM.

(Post 5 of 276)   11/01/1999.16:54:00
Author :
Oldman		 Exercise price is 45cts. With mother at 50cts, the warrant at 24cts is not exactly cheap. Yes, I realised the same thing with the Singapore market. Now I always sell the mother before it goes x rights !

(Post 6 of 276)   03/31/2000.12:50:00
Author :
Eka		 New Toyo 1999 net profit pre-extras 3.067 mln sgd vs 1.948

New Toyo International Holdings 1999 results:

Net profit pre-extras - 3.067 mln sgd vs 1.948 mln

Extraordinary gain - 528,000 sgd vs nil

Net profit - 3.595 mln sgd vs 1.948 mln

Sales - 102.785 mln sgd vs 121.835 mln

Pre-tax profit - 5.650 mln sgd vs 3.806 mln

EPS - 1.43 cents vs 0.91

Final div - 0.875 cents; unchanged

(Post 7 of 276)   04/06/2000.06:27:00
Author :
Eka		 NEW TOYO INTERNATIONAL HOLDINGS LTD

Further to the Announcement of the 1999 Full Year Results on 30 March 2000, the Company wishes to provide the following additional information :-

(1) The Non-Carbon Paper Division reported 61.2% growth in turnover as our subsidiary in Malaysia which was incorporated in 1998 reported three months' sales in 1998 compared to a full year operation in 1999. Higher domestic sales, which generated better margins compared to exports, were registered in 1999 as business conditions in Malaysia improved. Consequently, operating profit before interest and taxation improved to S$0.77M, compared to S$0.49M loss in 1998.

(2) Turnover (net of VAT) from the Corrugated Carton Boxes Division dropped by 12.1% as VAT at 10% which came into effect on 1st January 1999 in Vietnam was not passed onto customers due to price competition. Sales potential of our joint venture plant in Ho Chi Minh City was not fully realized as it commenced operation in the last quarter of the year.

Higher depreciation was recorded as a major machinery of our subsidiary in Ho Chi Minh City commenced production during the year, and lower margins as a result of price competition, contributed to the S$0.7M operating loss before interest and taxation.

Submitted by Foo Soon Soo, Company Secretary on 05/04/2000 to the SES

(Post 8 of 276)   04/11/2000.07:09:00
Author :
Eka		 NEW TOYO INTERNATIONAL HOLDINGS LTD


Announcement Of Appointment Of Mr Gary Yen as an Alternate Director to Mdm Lu Le Nhi
.
Date of appointment: 30/03/2000

Name: Gary Yen

Age: 25

Country of principal residence: 25 Trevose Crescent, Singapore 298040

Whether appointment is executive, and if so, the area of responsibility:

Working experience and occupation(s) during the past 10 years: 1995 to 1995
AMF. Inc., South Australia
Desk Controller - Customer Services


1996 to 1997
SA Toyo Paper Products Pty Ltd
Management Accountant - Accounting and reporting to senior manager


January 1998 to November 1998

New Toyo Management Services Pte Ltd
Regional Business Development Manager - Identifying business development opportunities and establishing new operations for the New Toyo Group.


November 1998 to present

New Toyo Aluminium Paper Product
Co (Pte) Ltd

General Manager - Oversees the company's operations and ensures the smooth running and good co-ordination of the various departments. Ensures good customers' relations and good quality control, etc. Develops and improves production techniques and new products.

Other directorships
Past: New Toyo Aluminium Paper Product Co (Pte) Ltd
Present: New Toyo International Co (Pte) Ltd
New Toyo Paper Product (Shanghai) Co Ltd
New Toyo Paper Product (Wuhan) Co Ltd
New Toyo Investments Pte Ltd
Benline Investment Ltd
Toyoma Aluminium Foil Packaging Sdn Bhd
Toyoma NCP Manufacturer Sdn Bhd
Sealink International Ltd
Jiangyin New Asia Paper Products Co Ltd
Yen & Lo Pty Ltd
Yen & Son Holdings Pte Ltd

Shareholding in the listed issuer and its subsidiaries: New Toyo International Holdings Ltd
10,385 - Direct shareholdings
927,000 - Deemed interest
2,077 (Warrants) - Direct interest
210,000 (Warrants) - Deemed interest

Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries: Mr Yen Wen Hwa (Father)
Mdm Lu Le Nhi (Mother)

Conflict of interest: None

Declaration: No.

No.

Submitted by Foo Soon Soo, Company Secretary on 10/04/2000 to the SES

(Post 9 of 276)   04/23/2000.20:44:00
Author :
Almanchester		 what is the right price to buy?

(Post 10 of 276)   06/02/2000.09:44:00
Author :
Suntze		 Who is so desperate to sell this counter???
Oops... I still hold one lot at its IPO of 0.80 long time ago. I was allocated two lots then and only sold 1 lot (I forgot I had two lots) when it reached 0.93... Thought of New Toyo performed not so bad in Vietnam and the fair price for this counter is around 0.83.
I will keep holding this lot and just treat it as a long term fix deposite. Hope I can still collect the interest...

(Post 11 of 276)   09/21/2000.00:27:09
Author :
Eka		 New Toyo raises 10.46 mln sgd via preference share issue

SINGAPORE (AFX-ASIA) - New Toyo International Holdings Ltd said it raised 10.46 mln sgd through the issue of 17.50 mln redeemable convertible preference shares to Wuthelam Holdings and businessmen Shinei Hayashi, Noboru Kurosaki and Tomonobu Murano at 0.60 sgd each.

The funds raise from the issue will used to partly finance the purchase of machinery for the group's tissue paper mill in Vietnam as well as to reduce borrowings.

Each preference share can be converted into one New Toyo share within 180 days from the issuance of the shares.

(Post 12 of 276)   09/21/2000.02:38:26
Author :
Eka

ISSUANCE OF REDEEMABLE CONVERTIBLE PREFERENCE SHARES




The directors of New Toyo International Holdings Ltd ( " New Toyo " ; or the " Company " ) wish to announce



that the Company has on 19th September 2000 signed separate subscription agreements with Mr Shinei



Hayashi, Mr Noboru Kurosaki and Mr Tomonobu Murano respectively, and on 20th September 2000 signed a



subscription agreement with Wuthelam Holdings Limited (collectively, the " Investors " ) to issue an aggregate



of 17,500,000 Redeemable Convertible Preference Shares of $0.01 each ( " RCPS " ) to be issued at a 



subscription price of $0.60 in cash for each RCPS (the " Issue " ). Pursuant to the said subscription



agreements (the " Subscription Agreements " ), each of the Investors shall subscribe in cash for 



4,375,000 RCPS.  The Issue, upon conversion, will be convertible into new ordinary shares 



of $0.25 each in the capital of New Toyo (the " New Shares " ). 















Purpose of the Issue and Utilisation of Net Proceeds







The Company intends to utilise the net proceeds of the Issue (after deducting estimated expenses relating 



to the Issue of approximately $40,000) of about $10.46 million to partly finance the purchase of machinery 



for the Group's tissue paper mill project in Vietnam and to reduce bank borrowings.











Terms of the Proposed Issue







Issue			:	17,500,000 RCPSThe Company will issue 17,500,000 RCPS, such that upon the full conversion of all



the RCPS issued, the Company will issue 17,500,000 New Shares.



Par Value		:	$0.01







Issue Price:	$0.60 for each RCPS, in cash, representing a premium of $0.59 for each RCPS.	







Issue Date	:	The date of issue of the RCPS, which shall not be later than three market days after the fulfilment



of certain conditions set out in each of the Subscription Agreements, or such other date as the Company and
the Investors may unanimously agree in writing.







Tenor			:	Three (3) years











Conversion Rights	:	Each RCPS is convertible into one New Share at any time commencing 180 days following the



date of issue of the RCPS (the " Issue Date " ) to the close of business on the Final Redemption Date (as defined below).  







	The conversion rights may be exercised by a RCPS holder by the completion and delivery to the share registrars of 



the Company for the time being and/or such other conversion agent(s) in respect of the RCPS as may from time to 



time be appointed by the Company of a conversion notice in the form agreed between the Company and a RCPS holder.







Status of the RCPS	:	The RCPS will, on issue, rank in priority to the ordinary shares of $0.25 each in the capital of the 



Company (the  " Shares " ) for return of capital of the Company but will have no other rights to participate in the surplus profits or assets,



if any, of the Company.  All the RCPS will rank pari passu in all respects with each other.







Status of the 



New Shares issued 



upon conversion of



the RCPS	:	The New Shares to be issued upon the conversion of the RCPS will be listed on the SGX-ST and will rank



pari passu in all respects with the Shares except for any rights or distributions the record date of which is on or prior to the relevant conversion date.







Dividend	:	The dividend rights of the RCPS shall be equal to the dividend per share that may from time to time be 



payable in respect of the Shares save that it shall not be cumulative.







Voting	:	The RCPS will not have voting rights, except as provided for in the Articles of Association of the Company.



These circumstances would include having voting rights in general meetings called by the Company if:-

                  

                  
(a)	the resolution in question varies the rights attached to the RCPS; or
                  

                  

                  

                  
(b)	the resolution in question is for the winding-up of the Company; or
                  

                  

                  

                  
(c)	the Redemption Amount (as defined below) is in arrears.




Mandatory Redemption :	The RCPS will be redeemed on the third anniversary of the Issue Date ( " Final Redemption Date " ),



unless earlier converted, at the Redemption Amount as of such date. "  Redemption Amount " means an amount equal to the aggregate of 



(a) the issue price paid on subscription for the RCPS and (b) 4.5 cents (being a sum equivalent to a return on the issue price of such



RCPS computed at the rate of 2.5 per cent. of the issue price for each of the three years that the RCPS was issued and not converted) 



less (c) all amounts paid by the Company to such holder of the RCPS in respect of the RCPS (which for the avoidance of doubt, 



shall include all dividends declared on such RCPS and payable to the holder of such RCPS as of the Final Redemption Date).







Rights upon Liquidation	:	In the event of the winding-up of the Company, the RCPS will rank in priority over the Shares for the payment



of the Redemption Amount as of the date of such payment but will have no further participation in the profits or assets of the Company.







Listing			:	The RCPS will not be listed on any stock exchange.
    Method of Offering	:	Wuthelam Holdings Limited, Mr Shinei Hayashi, Mr Noboru Kurosaki and Mr Tomonobu Murano shall each 
    

    
subscribe for 4,375,000 RCPS pursuant to the terms of the Subscription Agreements.  
    

    

    

    

    

    

    

    
Financial Effects
    

    

    

    
The effects of the Issue on the share capital, NTA, earnings, and gearing of the Company and the Group on a pro-forma basis,
    

    
 based on a RCPS Issue size of $10.5 million, are set out below:-
    

    


    














    


    Number of Shares
    $
    Number of RCPS
    $
    




    Issued share capital as at 30 June 2000
    215,166,040
    53,791,510
    -
    -
    




    Issue of RCPS
    -
    -
    17,500,000
    175,000
    




    Issued share capital after the Issue
    215,166,040
    53,791,510
    17,500,000
    175,000
    




    




    Issue of New Shares upon full conversion of the RCPS
    17,500,000
    4,375,000
    -
    -
    




    Enlarged share capital after the above
    232,666,040
    58,166,510
    -
    -
    


    

    

    

    
NTA
    

    

    

    
The effect of the Issue on the NTA of the Company and the Group as at 31 December 1999 is as follows:
    

    


    
















    


    $'000The CompanyThe Group
    




    NTA before the Issue84,15881,588
    




    Estimated Net Proceeds from the Issue10,46010,460
    




    Adjusted NTA after the Issue94,61892,048
    




    




    NTA per share before the Issue0.390.38
    




    




    Adjusted NTA per share after the Issue and full conversion of the RCPS0.410.40
    


    

    

    

    
Earnings
    

    

    

    
The effect of the Issue on the earnings of the Company and the Group as at 31 December 1999, is as follows:-
    

    


    












    


    $'000
    The Company
    The Group
    




    Operating Profit after tax attributable to Shareholders before the Issue
    3,312
    3,595
    




    Operating Profit after tax attributable to Shareholders after the Issue 
    3,312
    3,595
    




    




    Earnings per Share before the Issue (cents) 
    1.54
    1.67
    




    Earnings per Share after the Issue (cents) 
    1.42
    1.55
    


    

    

    

    
As the Issue is expected to be completed by end November 2000, it is not expected to have a significant effect on the Group's earnings per share for the financial year ending 31 December 2000.
    

    

    

    
The Issue would enable the Group to enjoy the use of medium term funds at a favourable fixed rate of 2.5% per annum, assuming full redemption of the RCPS at the Final Redemption Date. The impact on the long term earnings of the Group is therefore expected to be positive since the return on the issue price of the RCPS payable to the Investors on the Final Redemption Date is less than the Group's current borrowing costs from the banks. The Issue would enable the Group to make payment to the suppliers of the tissue mill machinery which would otherwise have had to be funded from other sources at higher rates.  
    

    

    

    

    

    
Gearing
    

    


    
















    


    $'000
    The Company
    The Group
    




    Shareholders funds before the Issue
    84,158
    90,196
    




    Estimated proceeds from the Issue
    10,460
    10,460
    




    Adjusted shareholders funds after the Issue
    94,618
    100,656
    




    




    Total borrowings as at 31 December 1999
    32,395
    100,910
    




    Gearing before the Issue (times)
    0.38
    1.12
    




    Gearing after the Issue (times)
    0.34
    1.00
    


    

    

    

    
Notes:
    

    
For the purpose of the above calculations, the expression " Gearing  "  means the ratio of Total Borrowings to Shareholders' Funds. The expression " Total Borrowings "  means the amount of liabilities arising from borrowings from banks and other financial institutions and the Transferable Loan Facility, and the expression "Shareholders' Funds" means the aggregate of the Issued and paid-up share capital, and reserves of the Company and the Group.
    

    

    

    

    

    

    

    
Approvals
    

    

    

    
The listing and quotation of the new Shares on the SGX-ST arising from the conversion of the RCPS and the proposed issue of the RCPS will be subject to the approval of the SGX-ST, and shareholders' approval for the same will be sought at an EGM.
    

    

    

    

    

    
Interests of Directors and Substantial Shareholders
    

    

    

    
No director or substantial shareholder of the Company has any interest, direct or indirect in the Issue.
    

    

    

    

    

    
Directors' Responsibility
    

    

    

    
The directors have taken all reasonable care to ensure that the information contained herein is accurate and they jointly and severally accept responsibility accordingly.
    

    

    

    
Further announcements will be made by the Company on the proposed Issue where necessary.


    Submitted by Yen Wen Hwa, Director on 20/09/2000 to the SGX

    (Post 13 of 276)   09/28/2000.02:07:09
    Author :
    Eka    		 New Toyo H1 net profit pre-extras 661,000 sgd vs 3.879 mln

    SINGAPORE (AFX-ASIA) - New Toyo International six months to June results:

    Net profit before extraordinaries - 661,000 sgd vs 3.879 mln

    Extraordinary loss - 228,000 sgd vs gain 530,000 sgd

    Net profit - 433,000 sgd vs 4.409 mln

    Sales - 50.679 mln sgd vs 50.668 mln

    Pretax profit - 1.424 mln sgd vs 5.072 mln

    EPS - 0.31 cents vs 1.80

    Interim div - nil; unchanged

    In a statement, the company said its performance is not likely to improve in the second half.

    Although the performance of the lamination division is expected to remain relatively stable, the company said new corrugated box factories in Jiangyin are only expected to commence operation in the fourth quarter of 2000 and first quarter of 2001 respectively.

    The new corrugated box plants and the tissue paper business in Vietnam are expected to contribute to profits only in 2001, it said.

    (Post 14 of 276)   11/23/2000.22:30:01
    Author :
    Eka    		 INCREASE IN INVESTMENT IN SUBSIDIARY

    The Company hereby announces that it has increased its investment from S$2 to S$100,000 in a wholly-owned subsidiary, New Toyo Investments Pte Ltd, in Singapore, by subscribing and being allotted an additional 99,998 shares of S$1 each.

    Submitted by Foo Soon Soo, Company Secretary on 23/11/2000 to the SGX

    (Post 15 of 276)   11/29/2000.22:35:23
    Author :
    Eka    		 PROPOSED ISSUE OF 17, 500, 000 REDEEMABLE CONVERTIBLE PREFERENCE SHARES OF $0.01 EACH ("RCPS") IN THE CAPITAL OF THE COMPANY (THE "ISSUE")

    Further to the announcement made by New Toyo International Holdings Ltd (the "Company") on 20 September 2000 in respect of the Issue, the Board of Directors of the Company is pleased to announce that the Company has obtained in-principle approval from the Singapore Exchange Securities Trading Limited ("SGX-ST") on 29 November 2000 for the listing and quotation of 17,500,000 new ordinary shares of $0.25 each in the capital of the Company arising from the conversion of the RCPS, subject to the shareholders' approval.

    The Company will be making arrangements to convene an Extraordinary General Meeting of its shareholders in connection with the Issue and will, in due course, despatch to its shareholders a circular concerning the Issue.

    Submitted by Foo Soon Soo, Company Secretary, By Order of the Board on 29/11/2000

    (Post 16 of 276)   03/30/2001.20:52:23
    Author :
    Sipost    		 FURTHER ANNOUNCEMENT TO THE FULL YEAR 2000 FINANCIAL STATEMENT

    Further to the announcement of the 2000 Full Year Results on 24 March 2001, the Company wishes to provide the following additional information.

    The Company had announced in its Half Year Results an operating profit before tax of $1.38 million and operating profit after tax of $661,000 and had indicated the "directors are of the opinion that the overall performance of the Group is not likely to improve in the second half of the year". However, for the Full Year Results, the Group reported an operating loss before tax of $10.64 million and an operating loss after tax and extraordinary item of $15.82 million.

    The Group's full year operating performance could only be assessed properly after the consolidation process of the operations of its subsidiaries was completed in March 2001. The operating performance for the full year was discussed at a meeting of the Board of Directors on 22 March 2001.

    Additionally, at the same meeting, the Board of Directors deliberated and approved the following:

    - To adopt a change in accounting policy in respect of pre-operating expenses which had the effect of increasing the loss for the year by $3.3 million. This has been explained in Note 5(e) of the Full Year Results announcement.

    - To make provision for diminution in value of $5.4 million for an unquoted investment held by the Group. This has been reflected as an extraordinary item in the results. In view of these circumstances, the Board of Directors was not able to issue a profit warning in respect of the loss reported for the full year.
    Submitted by Foo Soon Soo, Company Secretary on 30/03/2001

    (Post 17 of 276)   05/04/2001.20:10:36
    Author :
    Sipost    		 INCREASE IN INVESTMENT IN SUBSIDIARY

    The Company hereby announces that it has increased its investment from S$100,000 to S$250,000 in a wholly-owned subsidiary, New Toyo Investments Pte Ltd, in Singapore, by subscribing and being allotted an additional 150,000 shares of S$1 each by capitalising the loan owing to the Company.

    Submitted by Foo Soon Soo, Company Secretary on 04/05/2001

    (Post 18 of 276)   06/25/2001.18:08:08
    Author :
    Sipost    		 MEMORANDUM OF UNDERSTANDING BETWEEN TOYOMA NON-CARBON PAPER MANUFACTURER SDN BHD AND PERCETAKAN NASIONAL MALAYSIA BERHAD

    The Company wishes to announce that :

    Our subsidiary, Toyoma Non-Carbon Paper Manufacturer Sdn Bhd ("TNCP") in Malaysia, has entered into a Memorandum Of Understanding (M.O.U.) with Percetakan Nasional Malaysia Berhad ("PNMB") for a one year supply of non-carbon paper products with effect from July 2001. The contract is estimated at RM13 million. Yang Berbahagia Tan Sri Datuk Clifford F. Herbert, the Executive Chairman of PNMB, and Mr Andrew Chow, Director of TNCP and Chief Financial Officer for New Toyo International Holdings Ltd, signed this M.O.U. on 21st June 2001 at Hotel Mandarin Oriental, Kuala Lumpur, Malaysia.

    Submitted by Foo Soon Soo, Company Secretary on 25/06/2001

    (Post 19 of 276)   07/10/2001.20:48:15
    Author :
    Sipost    		 INCREASE IN INVESTMENT IN SUBSIDIARY

    The Company hereby announces that it has increased its investment from S$250,000 to S$350,000 in its wholly-owned subsidiary, New Toyo Investments Pte Ltd, in Singapore, by subscribing and being allotted an additional 100,000 shares of S$1 each, by way of capitalising the loan owing to the Company.

    Submitted by Foo Soon Soo, Company Secretary on 10/07/2001

    (Post 20 of 276)   10/01/2001.08:21:33
    Author :
    Sipost    		 FURTHER ANNOUNCEMENT TO THE HALF YEAR 2001 FINANCIAL STATEMENT ("HALF YEAR RESULTS")

    Further to the announcement of the Half Year Results on 24th September 2001, the Company wishes to provide the following additional information.In announcing the FY2000 results on 24th March 2001, the Directors stated that the performance of the Group would improve in FY2001 for reasons:

    (a) Better performance of the tissue paper division as emphasis would be placed on developing distribution channels and higher margin products;

    (b) Improved performance from the non-carbon paper division with the use of more cost effective materials; and

    (c) Improvement in the performance of the corrugation plants in Ho Chi Minh City.

    This varies from the statement made on 24th September 2001 when the Company announced in its Half Year Results that the performance of the Group is not expected to improve in this financial year as the Directors expect a difficult year ahead and are undertaking a rationalization of the Group in the second half of the year.

    The Company wishes to clarify as follows:

    (a) Although the turnover and market share were significantly higher than the same period last year, the tissue paper mill has not yet achieved the break-even volume to fully recover the operating and market development expenses.

    (b) The improvement in the performance, that is to reduce the operating losses of the non-carbon paper division due to the use of more cost effective materials, is only expected to be realized in the second half of 2001.

    (c) The improvement in the performance of the two corrugation plants in Ho Chi Minh City, which have passed their breakeven points, was not sufficient to offset the startup losses of the three corrugation plants in China and Hanoi.

    The above which were included in the Group's operating performance for the first six months of 2001 could only be appropriately assessed after the consolidation process of the operations of the subsidiaries was completed in September 2001. This half year results were discussed at a meeting of the Board of Directors on 24th September 2001. In the light of the recent economic circumstances, the Directors are of the opinion that the performance of the operating units is required to be critically reviewed and have highlighted in the announcement of rationalization in the second half of the year.

    In view of these circumstances, the Board of Directors was not able to issue a profit warning in respect of the losses reported for the period ended 30 June 2001.

    Submitted by Foo Soon Soo, Company Secretary on 29/09/2001

    (Post 21 of 276)   10/22/2001.09:25:29
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    ESTABLISHMENT OF A JOINT-VENTURE COMPANY IN THAILAND

    New Toyo International Holdings Ltd ("New Toyo") hereby announces that it has incorporated a joint-venture company in Thailand, namely Thai Toyo Aluminium Packaging Co. Ltd. ("TTAP") to conduct the business of manufacturing laminated paper for supply to the Thailand market.

    TTAP has issued capital of Baht Three Million, out of which 49% is held by New Toyo. The capital contribution by the Company will come from internal funds.

    The aforesaid joint-venture is not expected to have any significant impact on the net tangible assets or earnings per share of the Group for the current financial year.

    Submitted by Foo Soon Soo, Company Secretary on 19/10/2001 to the SGX

    (Post 22 of 276)   12/10/2001.09:05:58
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    INTERNAL ORGANISATIONAL RESTRUCTURING OF THE ALUMINIUM FOIL LAMINATION AND PACKAGING PRINTING BUSINESSES IN VIETNAM

    Toyo (Viet) Paper Product Co. Ltd ("TVPP") of which the Company is the ultimate holding company, currently has two divisions: namely, the aluminium foil lamination and paper core division, and the packaging printing division.

    In order to better streamline the businesses of TVPP for future expansion, a new company, New Toyo Aluminium Paper Packaging Co. Ltd. ("NTAPP") has been set up to assume the lamination and paper core businesses from TVPP. Following the reorganisation, TVPP would continue to develop the packaging printing business in its existing factory location. The authorised and paid-up capital of NTAPP are USD3.6 million and USD1.08 million respectively by way of the transfer of the respective machinery from TVPP to NTAPP. NTAPP is wholly-owned by the Company.

    The aforesaid reorganisation is not expected to have any material impact on the net tangible assets or earnings per share of the Group for the current financial year.

    Submitted by Foo Soon Soo, Company Secretary on 7/12/2001 to the SGX

    (Post 23 of 276)   02/05/2002.08:57:16
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    NEW SENIOR MANAGEMENT STRUCTURE OF NEW TOYO INTERNATIONAL HOLDINGS LTD

    The Company hereby announces that a team of senior managers has been appointed to better manage the three (3) main businesses of the Group in the years ahead.

    The three Presidents appointed are as follows:

    a) Mr Andrew Chow Yuen Kong, who was the Chief Financial Officer of the Company, has been re-designated as President (Non-Carbon Paper & Lamination);
    b) Mr Gary Yen has been appointed as President (Tissue Paper); and
    c) Mr Larry Ho Koon Yock has been appointed as President (Corrugated Carton Boxes & Printing)

    Mr Gary Yen is the son of Mr Yen Wen Hwa @ Ngan Tzee Manh, a substantial shareholder of the Company.

    Miss Ong Wui Leng has been appointed as Chief Financial Officer of the Company.

    In compliance with the Listing Manual Requirements, the particulars of Mr Andrew Chow Yuen Kong, Mr Gary Yen, Mr Larry Ho Koon Yock and Ms Ong Wui Leng are found in the separate MASNET announcements under :

    (i) Announcement of Appointment of President (Non-Carbon Paper & Lamination)
    (ii) Announcement of Appointment of Executive Director and President (Tissue Paper)
    (iii) Announcement of Appointment of President (Corrugated Carton Boxes & Printing)
    (iv) Announcement of Appointment of Chief Financial Officer
    Submitted by Foo Soon Soo, Company Secretary on 04/02/2002 to the SGX

    (Post 24 of 276)   02/05/2002.08:58:03
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    Announcement Of Appointment Of President (Non-Carbon Paper & Lamination)
    Date of appointment: 01 Feb 2002

    Name: Andrew Chow Yuen Kong

    Age: 37

    Country of principal residence: Singapore

    Whether appointment is executive, and if so, the area of responsibility: Executive, responsible for the lamination operations in Australia, Singapore, Malaysia, China and Thailand, trading operation in Singapore, non-carbon paper (NCR) operation in Malaysia and corrugation operations in China

    Working experience and occupation(s) during the past 10 years: January 1992 to September 1992

    Shell Eastern Petroleum (Pte) Ltd

    Internal Auditor
    - Internal audit of business segments, processes, profit and cost centre

    October 1992 to October 1995

    Shell Pacific Enterprise Ltd, Korea

    Chief Accountant
    - Financial and Management reporting including budget and planning as well as transaction services support for pan Korea operations

    November 1995 to March 1999

    Shell (China) Ltd

    Deputy Financial Controller
    - Financial and Management reporting including budget and planning as well as transaction services support for pan China operations

    April 1999 to August 1999

    Shell Eastern Petroleum (Pte) Ltd

    Group and Corporate Finance Manager
    - Group Reporting and performance appraisal of business units

    September 1999 to November 2001

    New Toyo International Holdings Ltd

    Chief Financial Officer
    - Contribute to the achievement of the strategic goals of New Toyo Group by providing financial direction and management to ensure effective financial management of assets and resources

    Other directorships

    Past:

    Present:
    New Toyo Corrugated Products Pte Ltd
    Toyoma Non-Carbon Paper Manufacturer Sdn Bhd
    Thai Toyo Aluminium Packaging Company Ltd
    New Toyo International Co (Pte) Ltd
    New Toyo Management Services Pte Ltd
    Shareholding in the listed issuer and its subsidiaries: None

    Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries: None

    Conflict of interest: None

    Declaration by a Director, Executive Officer or Controlling Shareholder as Required
    ( Per Appendix 15)
    -
    1(a) Were you in the last 10 years involved in a petition under any bankruptcy laws in any jurisdiction filed against you ?
    No

    1(b) Were you in the last 10 years a partner of any partnership involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a partner?
    No

    1(c) Were you in the last 10 years a director or an executive director of any corporation involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a director or executive officer ?
    No

    2. Are there any unsatisfied judgements outstanding against you ?
    No

    3. Have you been convicted of any offence, in SIngapore or elsewhere, involving fraud or dishonesty punishable with imprisonment for 3 months or more, or charged for violation of any securities laws? Are you the subject of any such pending criminal proceeding ?
    No

    4. Have you at any time been convicted of any offence, in Singapore or elsewhere, involving a breach of any securities or financial market laws, rules or regulations ?
    No

    5. Have you received judgment against you in any civil proceeding in Singapore or elsewhere in the last 10 years involving fraud, misrepresentation or dishonesty? Are you the subject of any such pending civil proceeding ?
    No

    6. Have you been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation?
    No

    7. Have you ever been disqualified from acting as a director of any company, or from taking part in any way directly or indirectly in the management of any company?
    No

    8. Have you been the subject of any order, judgement or ruling of any court of competent jurisdiction, tribunal or governmental body permanently or temporarily enjoining you from engaging in any type of business practice or activity ?
    No

    9. Have you , to your knowledge, in SIngapore or elsewhere, been concerned with the management or conduct of affairs of any company or partnership which has been investigated by an inspector appointed under the provisions of the Companies Act, or other securities enactments or by any other regulatory body in connection with any matter involving the company partnership occurring or arising during the period when you were so concerned with the company or partnership?
    No

    Submitted by Foo Soon Soo, Company Secretary on 04/02/2002 to the SGX

    (Post 25 of 276)   02/05/2002.08:58:34
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    Announcement Of Appointment Of President (Corrugated Carton Boxes & Printing)
    Date of appointment: 01 Feb 2002

    Name: Larry Ho Koon Yock

    Age: 60

    Country of principal residence: Singapore

    Whether appointment is executive, and if so, the area of responsibility: Overall responsible for the Corrugated Carton Boxes and Printing Businesses of the Group in Vietnam

    Working experience and occupation(s) during the past 10 years: Commercial/ Treasury Manager - Singapore Tobacco Co

    Business Development Director - British American Tobacco ("BAT') Vietnam
    Consultant to BAT Singapore or Vietnam Business

    Executive Director - New Asia Industries Co., Ltd, Ho Chi Minh

    Other directorships

    Past:
    Director - BAT Vietnam

    Present:
    New Asia Industries Co., Ltd
    New Asia Industries (Hanoi) Co Ltd
    VinaToyo Co. Ltd
    Shareholding in the listed issuer and its subsidiaries: 105,000 ordinary shares

    Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries: None

    Conflict of interest: None

    Declaration by a Director, Executive Officer or Controlling Shareholder as Required
    ( Per Appendix 15)
    -
    1(a) Were you in the last 10 years involved in a petition under any bankruptcy laws in any jurisdiction filed against you ?
    No

    1(b) Were you in the last 10 years a partner of any partnership involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a partner?
    No

    1(c) Were you in the last 10 years a director or an executive director of any corporation involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a director or executive officer ?
    No

    2. Are there any unsatisfied judgements outstanding against you ?
    No

    3. Have you been convicted of any offence, in SIngapore or elsewhere, involving fraud or dishonesty punishable with imprisonment for 3 months or more, or charged for violation of any securities laws? Are you the subject of any such pending criminal proceeding ?
    No

    4. Have you at any time been convicted of any offence, in Singapore or elsewhere, involving a breach of any securities or financial market laws, rules or regulations ?
    No

    5. Have you received judgment against you in any civil proceeding in Singapore or elsewhere in the last 10 years involving fraud, misrepresentation or dishonesty? Are you the subject of any such pending civil proceeding ?
    No

    6. Have you been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation?
    No

    7. Have you ever been disqualified from acting as a director of any company, or from taking part in any way directly or indirectly in the management of any company?
    No

    8. Have you been the subject of any order, judgement or ruling of any court of competent jurisdiction, tribunal or governmental body permanently or temporarily enjoining you from engaging in any type of business practice or activity ?
    No

    9. Have you , to your knowledge, in SIngapore or elsewhere, been concerned with the management or conduct of affairs of any company or partnership which has been investigated by an inspector appointed under the provisions of the Companies Act, or other securities enactments or by any other regulatory body in connection with any matter involving the company partnership occurring or arising during the period when you were so concerned with the company or partnership?
    No

    Submitted by Foo Soon Soo, Company Secretary on 04/02/2002 to the SGX

    (Post 26 of 276)   02/05/2002.08:59:07
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    Announcement Of Appointment Of Chief Financial Officer
    Date of appointment: 01 Feb 2002

    Name: Ong Wui Leng

    Age: 40

    Country of principal residence: Singapore

    Whether appointment is executive, and if so, the area of responsibility: Executive, providing financial direction and management to ensure effective financial management of assets and resources of New Toyo Group

    Working experience and occupation(s) during the past 10 years: October 1990 to August 1992

    ING Bank - Manager, Corporate Banking

    August 1992 to December 1998

    Goldtron Limited - General Manager, Corporate Finance

    December 1998 to June 1999

    Pacific Can International Holdings Ltd - Chief Financial Officer

    June 1999 to November 2001

    Strategic Innovation Consulting Pte Ltd
    - Senior Vice President, Corporate Finance

    Other directorships

    Past:
    Measurex Corporation Berhad

    Present:
    None
    Shareholding in the listed issuer and its subsidiaries: None

    Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries: None

    Conflict of interest: None

    Declaration by a Director, Executive Officer or Controlling Shareholder as Required
    ( Per Appendix 15)
    -
    1(a) Were you in the last 10 years involved in a petition under any bankruptcy laws in any jurisdiction filed against you ?
    No

    1(b) Were you in the last 10 years a partner of any partnership involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a partner?
    No

    1(c) Were you in the last 10 years a director or an executive director of any corporation involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a director or executive officer ?
    No

    2. Are there any unsatisfied judgements outstanding against you ?
    No

    3. Have you been convicted of any offence, in SIngapore or elsewhere, involving fraud or dishonesty punishable with imprisonment for 3 months or more, or charged for violation of any securities laws? Are you the subject of any such pending criminal proceeding ?
    No

    4. Have you at any time been convicted of any offence, in Singapore or elsewhere, involving a breach of any securities or financial market laws, rules or regulations ?
    No

    5. Have you received judgment against you in any civil proceeding in Singapore or elsewhere in the last 10 years involving fraud, misrepresentation or dishonesty? Are you the subject of any such pending civil proceeding ?
    No

    6. Have you been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation?
    No

    7. Have you ever been disqualified from acting as a director of any company, or from taking part in any way directly or indirectly in the management of any company?
    No

    8. Have you been the subject of any order, judgement or ruling of any court of competent jurisdiction, tribunal or governmental body permanently or temporarily enjoining you from engaging in any type of business practice or activity ?
    No

    9. Have you , to your knowledge, in SIngapore or elsewhere, been concerned with the management or conduct of affairs of any company or partnership which has been investigated by an inspector appointed under the provisions of the Companies Act, or other securities enactments or by any other regulatory body in connection with any matter involving the company partnership occurring or arising during the period when you were so concerned with the company or partnership?
    No

    Submitted by Foo Soon Soo, Company Secretary on 04/02/2002 to the SGX

    (Post 27 of 276)   02/05/2002.08:59:28
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    RESIGNATION AND APPOINTMENT OF DIRECTORS

    The Company hereby announces the following changes to the Board of Directors of the Company :

    RESIGNATION OF DIRECTORS

    Mr Benjamin Lo Yip Shing has, with effect from 1 February 2002, resigned as Chief Executive Officer and Executive Director of the Company.

    Ms Therese Chan Hung Chun has, with effect from 1 February 2002, resigned as Non-Executive Director of the Company.

    Madam Lu Le Nhi has, with effect from 1 February 2002, resigned as Executive Director of the Company and consequent to the resignation of Madam Lu Le Nhi as Executive Director of the Company, Mr Gary Yen shall ipso facto cease to be alternate director to Madam Lu Le Nhi. Madam Lu is the wife of Mr Yen Wen Hwa, a substantial shareholder of the Company.

    APPOINTMENT OF DIRECTORS

    Mr Gary Yen who is presently the Alternate Director to Madam Lu Le Nhi has, with effect from 1 February 2002, been appointed as Executive Director of the Company. Mr Gary Yen is the son of Mr Yen Wen Hwa, a substantial shareholder of the Company.

    Mr Tay Joo Soon has, with effect from 1 February 2002, been appointed as Non-Executive Director of the Company.

    In compliance with the Listing Manual Requirements, the particulars of Mr Tay Joo Soon is found in the separate MASNET announcement under "Announcement of Appointment of Non-Executive Director".

    With the above changes, the Board of Directors of the Company shall comprise the following directors:-

    (1) Mr Yen Wen Hwa @ Ngan Manh Tzee, Executive Chairman and Managing Director
    (2) Mr Tang See Chim, Non-Executive and Independent Director
    (3) Mr Dennis Lee Kim Yew, Non-Executive and Independent Director
    (4) Mr John David Cambridge, Non-Executive and Independent Director
    (5) Mr Gary Yen, Executive Director
    (6) Mr Tay Joo Soon, Non-Executive and Independent Director
    Submitted by Foo Soon Soo, Company Secretary on 04/02/2002 to the SGX

    (Post 28 of 276)   02/05/2002.08:59:58
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    Announcement Of Appointment Of Executive Director and President (Tissue Paper)
    Date of appointment: 01 Feb 2002

    Name: Gary Yen

    Age: 27

    Country of principal residence: Singapore

    Whether appointment is executive, and if so, the area of responsibility: Executive, responsible for the tissue paper operations in Vietnam, Hong Kong and Singapore and lamination operation in Vietnam

    Working experience and occupation(s) during the past 10 years: January 1995 to February 1996

    AMF Inc., South Australia

    Desk Controller - Customer Services, project management (e.g bowling league management), cash register, daily sales analysis and reporting to Head Office

    June 1996 to December 1996

    SA Toyo Paper Products Pty Ltd, Australia

    Management Accountant - Supervision over the Finance and Accounts Department, overall accounting function, tax compliance, treasury and management reporting.

    January 1998 to November 1998

    New Toyo Management Services Pte Ltd

    Development Manager
    - Responsible for the financial analysis of 3 new projects (including a US$30 million investment in Vietnam), conducting feasibility studies as well as presenting a business plan for a US$4 million Joint Venture investment with a German party in Singapore and Malaysia.

    November 1998 to July 2000

    New Toyo Aluminium Paper Product Co (Pte) Ltd

    General Manager - Responsible for the entire operation of the company (total revenue in 1999 was S$30 million), supervision over key functions such as marketing, production, finance, human resource, purchasing etc and Unit reporting to Head Office.

    July 2000 to present

    Benline Investment Ltd

    Managing Director - Responsible for entire operation of the company (total revenue in 2001 was HK$72 million), supervision over key functions such as marketing, finance, human resource, purchasing etc. and Unit reporting to Head Office.


    Other directorships

    Past:
    New Toyo International Co (Pte) Ltd
    New Toyo Paper Product (Wuhan) Co Ltd
    New Toyo Investments Pte Ltd
    Jiangyin New Asia Paper Products Co Ltd

    Present:
    New Toyo Aluminium Paper Product Co (Pte) Ltd
    Toyoma Aluminium Foil Packaging Sdn Bhd
    Toyoma Non-Carbon Paper Manufacturer Sdn Bhd
    Thai Toyo Aluminium Packaging Company Ltd
    New Toyo Tissue Paper Mill (Vietnam) Co. Ltd
    Benline Investment Limited
    Yen & Son Holdings Pte Ltd
    Sealink International Limited
    Pacific Eagle Investment Ltd
    Toprife Hong Kong Ltd
    New Toyo Management Services Pte Ltd
    Greeting Tomt Ltd
    Age Margin Ltd
    New Toyo Paper Product (Shanghai) Co Ltd
    Yen & Lo Pty Ltd
    Shareholding in the listed issuer and its subsidiaries: New Toyo International Holdings Ltd
    10,385 - Direct shareholdings
    927,000 - Deemed interest
    2,077 (Warrants) - Direct interest
    210,000 (Warrants) - Deemed interest

    Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries: Mr Yen Wen Hwa (Father)
    Madam Lu Le Nhi (Mother)

    Conflict of interest: None

    Declaration by a Director, Executive Officer or Controlling Shareholder as Required
    ( Per Appendix 15)
    -
    1(a) Were you in the last 10 years involved in a petition under any bankruptcy laws in any jurisdiction filed against you ?
    No

    1(b) Were you in the last 10 years a partner of any partnership involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a partner?
    No

    1(c) Were you in the last 10 years a director or an executive director of any corporation involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a director or executive officer ?
    No

    2. Are there any unsatisfied judgements outstanding against you ?
    No

    3. Have you been convicted of any offence, in SIngapore or elsewhere, involving fraud or dishonesty punishable with imprisonment for 3 months or more, or charged for violation of any securities laws? Are you the subject of any such pending criminal proceeding ?
    No

    4. Have you at any time been convicted of any offence, in Singapore or elsewhere, involving a breach of any securities or financial market laws, rules or regulations ?
    No

    5. Have you received judgment against you in any civil proceeding in Singapore or elsewhere in the last 10 years involving fraud, misrepresentation or dishonesty? Are you the subject of any such pending civil proceeding ?
    No

    6. Have you been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation?
    No

    7. Have you ever been disqualified from acting as a director of any company, or from taking part in any way directly or indirectly in the management of any company?
    No

    8. Have you been the subject of any order, judgement or ruling of any court of competent jurisdiction, tribunal or governmental body permanently or temporarily enjoining you from engaging in any type of business practice or activity ?
    No

    9. Have you , to your knowledge, in SIngapore or elsewhere, been concerned with the management or conduct of affairs of any company or partnership which has been investigated by an inspector appointed under the provisions of the Companies Act, or other securities enactments or by any other regulatory body in connection with any matter involving the company partnership occurring or arising during the period when you were so concerned with the company or partnership?
    No

    Submitted by Foo Soon Soo, Company Secretary on 04/02/2002 to the SGX

    (Post 29 of 276)   02/05/2002.09:00:23
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    Announcement Of Appointment Of Non-Executive Director of New Toyo International Holdings Ltd
    Date of appointment: 01 Feb 2002

    Name: Tay Joo Soon

    Age: 60

    Country of principal residence: Singapore

    Whether appointment is executive, and if so, the area of responsibility: None

    Working experience and occupation(s) during the past 10 years: From 1971 to Present
    Tay Joo Soon & Co (Practising Accountant)

    Other directorships

    Past:
    None

    Present:
    Jurong Cement Ltd
    Smurfit Toyo Holdings Pte Ltd
    Asiaco Region Sdn Bhd
    Shareholding in the listed issuer and its subsidiaries: 4,096,000 ordinary shares
    414,378 warrants

    Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries: None

    Conflict of interest: None

    Declaration by a Director, Executive Officer or Controlling Shareholder as Required
    ( Per Appendix 15)
    -
    1(a) Were you in the last 10 years involved in a petition under any bankruptcy laws in any jurisdiction filed against you ?
    No

    1(b) Were you in the last 10 years a partner of any partnership involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a partner?
    No

    1(c) Were you in the last 10 years a director or an executive director of any corporation involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a director or executive officer ?
    No

    2. Are there any unsatisfied judgements outstanding against you ?
    No

    3. Have you been convicted of any offence, in SIngapore or elsewhere, involving fraud or dishonesty punishable with imprisonment for 3 months or more, or charged for violation of any securities laws? Are you the subject of any such pending criminal proceeding ?
    No

    4. Have you at any time been convicted of any offence, in Singapore or elsewhere, involving a breach of any securities or financial market laws, rules or regulations ?
    No

    5. Have you received judgment against you in any civil proceeding in Singapore or elsewhere in the last 10 years involving fraud, misrepresentation or dishonesty? Are you the subject of any such pending civil proceeding ?
    No

    6. Have you been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation?
    No

    7. Have you ever been disqualified from acting as a director of any company, or from taking part in any way directly or indirectly in the management of any company?
    No

    8. Have you been the subject of any order, judgement or ruling of any court of competent jurisdiction, tribunal or governmental body permanently or temporarily enjoining you from engaging in any type of business practice or activity ?
    No

    9. Have you , to your knowledge, in SIngapore or elsewhere, been concerned with the management or conduct of affairs of any company or partnership which has been investigated by an inspector appointed under the provisions of the Companies Act, or other securities enactments or by any other regulatory body in connection with any matter involving the company partnership occurring or arising during the period when you were so concerned with the company or partnership?
    No

    Submitted by Foo Soon Soo, Company Secretary on 04/02/2002 to the SGX

    (Post 30 of 276)   02/05/2002.09:02:13
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    RESIGNATION AND APPOINTMENT OF AUDIT COMMITTEE MEMBERS

    The Company hereby announces the following changes to the Audit Committee of the Company :

    RESIGNATION OF AUDIT COMMITTEE MEMBERS

    Mr Benjamin Lo Yip Shing has, with effect from 1 February 2002, resigned as Audit Committee Member of the Company.

    Ms Therese Chan Hung Chun has, with effect from 1 February 2002, resigned as Audit Committee Member of the Company.

    APPOINTMENT OF AUDIT COMMITTEE MEMBERS

    Mr John David Cambridge, a Non-Executive Director has, with effect from 1 February 2002, been appointed as Audit Committee Member of the Company.

    Mr Tay Joo Soon, a Non-Executive Director has, with effect from 1 February 2002, been appointed as Audit Committee Member of the Company.

    With the above changes, the members of the Audit Committee shall comprise the following directors:-

    (1) Mr Tang See Chim, Chairman of Audit Committee and Independent Director
    (2) Mr John David Cambridge, Member of Audit Committee and Independent Director
    (3) Mr Tay Joo Soon, Member of Audit Committee and Independent Director
    Submitted by Foo Soon Soo, Company Secretary on 04/02/2002 to the SGX

    (Post 31 of 276)   05/07/2002.22:14:37
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    RESIGNATION AND APPOINTMENT OF PRESIDENT (LAMINATION & NON-CARBON PAPER)

    New Toyo International Holdings Ltd (the "Company") wishes to announce that Mr Andrew Chow Yuen Kong has, with effect from 7 May 2002, resigned as President (Lamination & Non-Carbon Paper) of the Company.

    Miss Angela Heng Chor Kiang ("Angela") has, with effect from 7 May 2002, been appointed as President (Lamination & Non-Cabon Paper) of the Company. Angela joined New Toyo Aluminium Paper Product Co (Pte) Ltd in 1992 and was part of the senior management team instrumental in the successful management of the lamination business. She was the Deputy Chairperson of the Company between 1997 and 1999 before moving to spearhead the marketing and distribution of the tissue paper products in Singapore.

    In compliance with the Listing Manual Requirements, the particulars of Angela is found in the separate MASNET announcement under "Announcement of Appointment of President (Lamination & Non-Carbon Paper)".

    Submitted by Foo Soon Soo, Company Secretary on 07/05/2002 to the SGX

    (Post 32 of 276)   05/07/2002.22:15:25
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    Announcement Of Appointment Of President (Lamination & Non-Carbon Paper)
    Date of appointment: 07 May 2002

    Name: Angela Heng Chor Kiang

    Age: 44

    Country of principal residence: Singapore

    Whether appointment is executive, and if so, the area of responsibility: Executive, responsible for the lamination operations in Australia, Singapore, Malaysia, China and Thailand, trading operation in Singapore, non-carbon paper (NCP) operation in Malaysia and corrugation operations in China

    Working experience and occupation(s) during the past 10 years: 1992 to 1997

    New Toyo Aluminium Paper Product Co (Pte) Ltd

    General Manager
    - Overall general management of New Toyo Aluminium Paper Product Co (Pte) Ltd.

    1997 to 1999

    New Toyo International Holdings Ltd

    Deputy Chairperson
    - Overall general management of New Toyo International Holdings Ltd.

    2001 to Present

    New Toyo Investments Pte Ltd

    General Manager
    - Overall general management of New Toyo Investments Pte Ltd and involved directly in the marketing and distribution of pulppy tissue products in Singapore.

    Other directorships

    Past:
    1) New Toyo Investments Pte Ltd
    2) New Toyo Corrugated Products Pte Ltd
    3) New Toyo International Holdings Ltd

    Present:
    1) New Toyo Investments Pte Ltd
    2) Thai Toyo Aluminium Packaging Co. Ltd
    3) New Toyo International Co (Pte) Ltd
    4) Toyoma Non-Carbon Paper Manufacturer Sdn Bhd
    Shareholding in the listed issuer and its subsidiaries: 450,000

    Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries: None

    Conflict of interest: None

    Declaration by a Director, Executive Officer or Controlling Shareholder as Required
    ( Per Appendix 15)
    -
    1(a) Were you in the last 10 years involved in a petition under any bankruptcy laws in any jurisdiction filed against you ?
    No

    1(b) Were you in the last 10 years a partner of any partnership involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a partner?
    No

    1(c) Were you in the last 10 years a director or an executive director of any corporation involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a director or executive officer ?
    No

    2. Are there any unsatisfied judgements outstanding against you ?
    No

    3. Have you been convicted of any offence, in SIngapore or elsewhere, involving fraud or dishonesty punishable with imprisonment for 3 months or more, or charged for violation of any securities laws? Are you the subject of any such pending criminal proceeding ?
    No

    4. Have you at any time been convicted of any offence, in Singapore or elsewhere, involving a breach of any securities or financial market laws, rules or regulations ?
    No

    5. Have you received judgment against you in any civil proceeding in Singapore or elsewhere in the last 10 years involving fraud, misrepresentation or dishonesty? Are you the subject of any such pending civil proceeding ?
    No

    6. Have you been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation?
    No

    7. Have you ever been disqualified from acting as a director of any company, or from taking part in any way directly or indirectly in the management of any company?
    No

    8. Have you been the subject of any order, judgement or ruling of any court of competent jurisdiction, tribunal or governmental body permanently or temporarily enjoining you from engaging in any type of business practice or activity ?
    No

    9. Have you , to your knowledge, in SIngapore or elsewhere, been concerned with the management or conduct of affairs of any company or partnership which has been investigated by an inspector appointed under the provisions of the Companies Act, or other securities enactments or by any other regulatory body in connection with any matter involving the company partnership occurring or arising during the period when you were so concerned with the company or partnership?
    No

    Submitted by Foo Soon Soo, Company Secretary on 07/05/2002 to the SGX

    (Post 33 of 276)   05/15/2002.23:00:22
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    Notice Of 6th Annual General Meeting

    NOTICE IS HEREBY GIVEN that the 6th Annual General Meeting of the Company will be convened and held at Jurong Country Club, 9 Science Centre Road, Singapore 609078 on Thursday, 30 May 2002 at 9.30 a.m. for the following business :

    AS ORDINARY BUSINESS

    1. To receive and adopt the Audited Accounts for the year ended 31 December 2001 and the Reports of the Directors and Auditors thereon. (Resolution 1)

    2. To approve the Directors' fees of S$67,500 for the year ended 31 December 2001. (Resolution 2)

    3. To re-appoint Mr Lee Kim Yew, Dennis as a Director to hold office until the next Annual General Meeting pursuant to Section 153(6) of the Companies Act, Chapter 50. (Resolution 3)

    4. To re-elect the following Directors who are retiring in accordance with the Company's Articles of Association :-

    (a) Mr Tang See Chim (Retiring under Article 91) (Resolution 4)

    (b) Mr Gary Yen (Retiring under Article 97) (Resolution 5)

    (c) Mr Tay Joo Soon (Retiring under Article 97) (Resolution 6)

    Mr Tang See Chim will, upon re-election as Director of the Company, remain as the Audit Committee Chairman and will be considered independent for the purposes of Clause 902(4)(a) of the Listing Manual of The Singapore Exchange Securities Trading Limited.

    Mr Tay Joo Soon will, upon re-election as Director of the Company, remain as member of the Audit Committee and will be considered independent for the purposes of Clause 902(4)(a) of the Listing Manual of The Singapore Exchange Securities Trading Limited.

    5. To re-appoint KPMG as auditors of the Company and to authorise the Directors to fix their remuneration. (Resolution 7)

    AS SPECIAL BUSINESS

    6. To consider and, if thought fit, to pass the following ordinary resolution with or without modifications :- (Resolution 8)

    "that pursuant to Section 161 of the Companies Act, Chapter 50, approval be and is hereby given to the Directors to issue shares in the capital of the Company at any time, upon such terms and conditions and for such purposes and to such persons as the Directors may in their absolute discretion deem fit, provided always that the aggregate number of shares to be issued pursuant to this Resolution shall not exceed 50% of the issued share capital of the Company for the time being, of which the total number of shares to be issued other than on a pro rata basis to shareholders of the Company does not exceed 20% of the issued share capital of the Company for the time being and that such authority shall, unless revoked or varied by the Company in general meeting, continue in force until the conclusion of the Company's next Annual General Meeting."
    (See Explanatory Note 1)

    7. To consider and, if thought fit, to pass the following ordinary resolutions with or without modifications :- (Resolution 9)

    "(a) that approval be and is hereby given for the purposes of Chapter 9A of the Listing Manual of The Singapore Exchange Securities Trading Limited ( the "Listing Manual") and subject to such transactions being in compliance with Clause 9A06 of the Listing Manual, for the Company, its subsidiaries and target associated companies (the "Group") or any of them to enter into any transactions falling within the types of the Interested Person Transactions described in paragraph 3.3.1 of the Company's Circular dated 2 October 1997 (the "Circular") with any person who is of the class of Interested Persons described in paragraphs 3.2.1(a) and (b) of the Circular subject to such transactions being made at arm's length, on the Group's normal commercial terms and in accordance with the guidelines and procedures of the Company for Interested Person Transactions as described in the Circular;

    (b) that such approval shall, unless revoked or varied by the Company in general meeting, continue in force until the next Annual General Meeting of the Company; and

    (c) that the Directors of the Company be and are hereby authorised to take such steps and exercise such discretion as the Directors of the Company may in their absolute discretion deem fit, advisable or necessary to give effect to this Resolution."
    (See Explanatory Note 2)

    8. To transact any other business that may be transacted at an Annual General Meeting of the Company.

    By Order of the Board
    FOO SOON SOO (MS)
    Company Secretary

    Singapore
    15 May 2002

    Notes:-

    1. A Member of the Company entitled to attend and vote at the Meeting is entitled to appoint a proxy to attend and vote in his stead.

    2. A proxy need not be a Member of the Company.

    3. The instrument appointing a proxy must be deposited at the registered office of the Company at 8 Cross Street, #11-00 PWC Building, Singapore 048424 not less than 48 hours before the time appointed for the Meeting.

    Explanatory Notes:-

    1. The ordinary resolution proposed in item 6 above, if passed, will empower the Directors of the Company from the date of the above Meeting until the next Annual General Meeting to issue shares in the Company not exceeding in aggregate 50% of the issued share capital of the Company for the time being, of which the total number of shares issued other than on a pro rata basis to existing shareholders shall not exceed 20% of the issued share capital of the Company for the time being for such purposes as they consider would be in the interest of the Company. This authority will, unless revoked or varied at a general meeting, expire at the next Annual General Meeting of the Company.

    2. The ordinary resolution proposed in item 7 above, if passed, will enable the Directors of the Company to continue to enter into interested person transactions at arm's length, on the Group's normal commercial terms and in accordance with the guidelines and procedures of the Company for interested person transactions as described in the Circular dated 2 October 1997. This authority will continue in force until the conclusion of the Company's next Annual General Meeting.
    Submitted by Foo Soon Soo , Company Secretary on 15/05/2002 to the SGX

    (Post 34 of 276)   05/16/2002.22:57:16
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    FURTHER ANNOUNCEMENT IN RELATION TO THE FULL YEAR FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2001 ("FY 2001")

    We refer to the Company's announcement dated 29 March 2002 ("FY 2001 Results Announcement") wherein New Toyo International Holdings Ltd (the "Company") reported the unaudited FY 2001 results of the Company and the unaudited FY 2001 consolidated results of the Company and its subsidiaries and associated companies (the "Group"). We also refer to the Company's announcement dated 29 April 2002 in relation to the Company's entry into a put option agreement with Yen Wen Hwa and Greeting Tomt Limited (the "Agreement"). In the Company's FY 2001 Results Announcement, the Company reported an exceptional item of S$14,075,000, for the Group, which relates to the Group's impairment loss on fixed assets. Of this amount, S$5,773,000 is attributable to the impairment loss in respect of the fixed assets of the Group's tissue paper business.

    Having regard to the transactions contemplated under the Agreement and the terms and conditions in respect thereof, and after discussions with the Company's auditors, it is deemed necessary to increase (by S$7,954,000) the Group's impairment loss for FY 2001 from S$14,075,000 as reported in the FY 2001 Results Announcement to S$22,029,000. At the Company level, it is deemed necessary to increase the allowance for doubtful debts by an additional S$4,393,000 in respect of inter-company loans.

    The additional impairment loss of S$7,954,000 for the Group relates to the difference between:

    (1) the purchase consideration of all the shares in the capital of Benline Investment Limited (the "Disposal") pursuant to the Agreement; and
    (2) the carrying value of the corresponding assets of the Group's tissue paper business to be sold under the Agreement (which included an impairment loss of S$5,773,000).

    As a result of the additional impairment loss deemed necessary to be recognised, the Group's total impairment loss in relation to the fixed assets of the Group's tissue paper business for FY 2001 is S$13,727,000 compared with the impairment loss of S$5,773,000 previously recognised and which was included in the total impairment loss of S$14,075,000 reported in the FY 2001 Results Announcement.

    As a result of this additional impairment loss, the Group's net loss for the year after taxation, exceptional items and minority interest increased from S$24,173,000 to S$32,127,000 and consequently the Group's net assets is reduced from S$48,178,000 to S$40,225,000.

    The above additional impairment loss would result in a decrease of 3.70 cents in the net tangible asset backing per share to 18.56 cents per share and an increase in the loss per share by 3.70 cents to 14.93 cents per share.

    The above adjustments have already been made in the Company's annual report, which has been dispatched to shareholders.

    The above additional impairment loss does not have any material impact on the financial effects of the Disposal as announced on 29 April 2002.
    Submitted by Foo Soon Soo, Company Secretary on 16/05/2002 to the SGX

    (Post 35 of 276)   05/20/2002.08:25:35
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    CLARIFICATION TO THE ANNOUNCEMENT MADE ON 16 MAY 2002

    We refer to the Company's announcement yesterday.

    The Company would like to clarify the information contained in the last paragraph of the said announcement wherein it was mentioned that the additional impairment loss of S$7,954,000 does not have any material impact on the financial effects in respect of the sale and purchase of all the shares in the capital of Benline Investment Ltd (the "Disposal") pursuant to the put option agreement dated 26 April 2002 as announced on 29 April 2002.

    The Company confirms that the financial effects of the Disposal, which the Company announced on 29 April 2002 have already taken into account the additional impairment loss of S$7,954,000 for the Group's tissue paper business. As such, there is no necessity to recognise any further impairment loss.

    Accordingly, the Company confirmed in the announcement yesterday that the adjustments made to its unaudited financial statements for the year ended 31 December 2001, which was announced on 29 March 2002 did not have any material impact on the financial effects of the Disposal announced on 29 April 2002.
    Submitted by Foo Soon Soo, Company Secretary on 17/05/2002 to the SGX

    (Post 36 of 276)   05/31/2002.10:05:38
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING

    The Board of Directors of New Toyo International Holdings Ltd (the "Company") is pleased to announce that all resolutions as set out in the Notice of the Annual General Meeting dated 15 May 2002 have been duly passed at the Annual General Meeting of the Company held on 30 May 2002.

    Pursuant to Clause 902(4) of the Listing Manual of the Singapore Exchange Securities Trading Limited, Mr Tang See Chim and Mr Tay Joo Soon, both of whom have been re-elected as Directors at the Annual General Meeting, will continue to serve as Chairman and member of the Audit Committee respectively. The Board of Directors considers Mr Tang See Chim and Mr Tay Joo Soon as Independent Directors.
    Submitted by Foo Soon Soo, Company Secretary on 30/05/2002 to the SGX

    (Post 37 of 276)   08/16/2002.08:32:45
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    ENTRY INTO A SUPPLEMENTAL AGREEMENT TO THE PUT OPTION AGREEMENT DATED 26 APRIL 2002

    The Board of New Toyo International Holdings Ltd (the "Company" or "NTIH") had previously announced on 29 April 2002 that the Company had entered into a Put Option Agreement with Yen Wen Hwa ("YWH") and Greeting Tomt Limited ("GTL") on 26 April 2002 (the "Put Option Agreement"). Terms not specifically defined herein shall have the meanings ascribed to them in the announcement of 29 April 2002.

    The Board wishes to announce that the Company has on 15 August 2002 entered into a Supplemental Agreement to the Put Option Agreement with YWH and GTL (the "Supplemental Agreement").

    As previously announced on 29 April 2002, the aggregate consideration for the Option Shares and the assignment of the benefits of the Inter-Company Loans under the Put Option Agreement is S$40,638,822.

    Also under the Put Option Agreement and subject to the shareholders' approval, GTL shall pay S$4,000,000 to NTIH within 10 business days from the date NTIH exercises the Put Option, and the balance S$36,638,822 shall be paid by GTL to NTIH on completion of the sale and purchase of the Option Shares ("Completion").

    Pursuant to the Supplemental Agreement, S$33,138,822 of the balance S$36,638,822 shall be paid on Completion, and the remaining S$3,500,000 on 30 January 2004 or such earlier date as the parties may agree in writing ("Final Payment Date").

    It was also announced on 29 April 2002 that the exercise of the Put Option is conditional upon the fulfilment of the Conditions Precedent, which if not fulfilled or otherwise waived by the Company by 9 September 2002 (or such other date as the parties may agree) ("Cut-Off Date"), the Put Option shall lapse. Under the Supplemental Agreement, the parties have agreed that the Cut-Off Date shall be extended to 26 September 2002.

    The Board also wishes to announce that there have been expressions of interest for the Group's tissue paper business. However to-date no definitive agreements have been entered into.

    Credit Agricole Indosuez Merchant Bank Asia Ltd has been appointed to advise the independent directors of NTIH with regard to the proposed sale and purchase of the Option Shares under the Put Option Agreement and as supplemented by the Supplemental Agreement.

    As previously announced on 29 April 2002, the circular convening the shareholders meeting will be despatched to shareholders of the Company in due course.

    Other than YWH and Gary Yen, none of the other directors of the Company have any interest, directly and indirectly in the above transaction.
    Submitted by Foo Soon Soo, Company Secretary on 15/08/2002 to the SGX

    (Post 38 of 276)   08/19/2002.23:04:40
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    PROPOSED PURCHASE OF 50% OF SMURFIT TOYO HOLDINGS PTE LTD FROM YEN & SON HOLDINGS PTE LTD PURSUANT TO THE OPTION AGREEMENT DATED 18 MARCH 1997 ("OPTION AGREEMENT")

    The Board of New Toyo International Holdings Ltd (the "Company") wishes to announce that the Company has agreed to purchase from Yen & Son Holdings Pte Ltd ("YSH") subject to the conditions precedent set out below inter alia 50% of Smurfit Toyo Holdings Pte Ltd (the "Acquisition"). In this regard, the Company has on 19 August 2002 entered into a Supplemental Agreement ("Supplemental Agreement") to the Option Agreement and issued to YSH, a Purchase Notice (as hereinafter defined) in accordance with the Option Agreement.

    Background Information on Smurfit Toyo Group

    STH is an investment holding company established in Singapore and is held 50-50 by YSH and Smurfit International B.V. ("Smurfit International") pursuant to a Joint Venture Agreement dated 8 November 1995 as supplemented by various supplemental agreements/letters (collectively referred to as the "JV Agreement").

    The JV Agreement sets out the rights and obligations of YSH and Smurfit International under the joint venture. Among other terms, the JV Agreement inter alia:

    (a) gives Smurfit International and the Company and their respective subsidiaries and associated companies the right to exclusively enter the Malaysian and the Vietnamese markets respectively for the business of gravure printed cigarette cartons; and

    (b) covers non-competition in the People's Republic of China ("PRC") for the duration of the JV Agreement and one year after either the termination of the JV Agreement or after the parties to the JV Agreement cease to hold shares in STH, whichever is the earlier.

    Certain terms of the JV Agreement such as inter alia the non-competition provisions are applicable to the Company as the JV Agreement provides that YSH, for the purposes of such provisions is defined to include Mr Yen Wen Hwa and his family interests and all companies under his direction or control for the time being and from time to time, which includes the Company. The details of Mr Yen Wen Hwa's interests are set out below in the paragraph entitled "Interest of Directors and Controlling Shareholders".

    The main business of STH and its subsidiaries and associated companies (collectively referred to as the "Smurfit Toyo Group") is in gravure printing and is conducted through its two joint venture subsidiaries in the PRC, namely JiangYin Smurfit Toyo Paper Products Co., Ltd and JiangYin Smurfit Toyo Printing Co., Ltd (collectively referred to as the "JST Companies"). The JST Companies are each held 51% by STH and 49% by JiangSu LianTong Group Corporation (a PRC corporation). In addition, STH has 2 dormant wholly-owned subsidiaries, namely Smurfit Toyo (Hong Kong) Limited ("STHK") and Smurfit Toyo (Singapore) Pte Ltd which is presently under a members' voluntary liquidation.

    Background Information relating to the Acquisition

    It was disclosed in the prospectus dated 19 March 1997 ("Prospectus") issued by the Company in connection with its initial public offering ("IPO") that the then directors of the Company were of the view that it was in the interest of shareholders of the Company not to include the Smurfit Toyo Group in the IPO as the Smurfit Toyo Group had incurred start-up losses and it was uncertain at that time whether the Smurfit Toyo Group would be successful.

    In view of the then circumstances, the Company and YSH entered into the Option Agreement dated 18 March 1997 pursuant to which YSH granted the Company an option and a first right of refusal ("First Right of Refusal") in respect of 141,001 ordinary shares of S$1.00 each in the capital of STH and 500 "B" preference shares of HK$1.00 each in the capital of STHK (collectively referred to as the "Sale Shares").

    Under the First Right of Refusal, if YSH wishes to sell, transfer or otherwise dispose of the Sale Shares to any other party, YSH has to first offer the Sale Shares to the Company.

    YSH had been in negotiations with Smurfit International in respect of the Sale Shares in the earlier part of this year. The total purchase consideration offered by Smurfit International for the Sale Shares during these negotiations was similar to that set out below in the paragraph entitled "Purchase Consideration". However as YSH had granted the First Right of Refusal to the Company under the Option Agreement, YSH was obligated to issue a notice ("Transfer Notice") to the Company to offer to sell the Sale Shares to the Company.

    The Transfer Notice was issued by YSH to the Company on 29 April 2002. After due deliberations by the Audit Committee and the Independent Directors of the Company and negotiations with YSH, the Company on 19 August 2002 entered into a Supplemental Agreement with YSH and gave notice ("Purchase Notice") to YSH to purchase the Sale Shares.

    Purchase Consideration

    The total purchase consideration payable by the Company for the Sale Shares (which includes an assignment to the Company of YSH's portion of the shareholder's loan to STH as at 19 August 2002 of US$2,635,000 ("Shareholder's Loan")) ("Total Purchase Consideration") is the aggregate of the following:

    (a) US$5.4 million; and

    (b) an upward adjustment to the US$5.4 million of a sum equivalent to 50% of the consolidated net profit after tax of STH for the period commencing 1 January 2002 to 31 July 2002 ("Relevant Period"), based on the audited consolidated accounts of STH for the Relevant Period.

    The consolidated net profit after tax of STH for the Relevant Period is not yet available. For purposes of demonstrating the financial effects of the Acquisition, we have used an amount of US$615,853 which represents a pro-rata computation of 7 months of the unaudited consolidated net profit after tax of STH for the financial year ended 31 December 2001 as the upward adjustment referred to in item (b) above. Applying this amount, the estimated Total Purchase Consideration (less the Shareholder's Loan) would be approximately US$3,380,853 and represents approximately 3.2 times the historical price earnings of STH and a premium of approximately 25.66% over the book value of the Sale Shares.

    On completion, the Total Purchase Consideration is payable in cash by the Company and this will be financed entirely by bank borrowings by the Company.

    Financial Effects

    Based on the audited consolidated accounts for the Company for the financial year ended 31 December 2001 and the estimated Total Purchase Consideration of approximately US$3,380,853, the financial effects of the proposed Acquisition are as follows:

    (a) Loss after tax attributable to shareholders

    Assuming that the Acquisition took place on 1 January 2001, loss after tax for the Company, its subsidiaries and associated companies (hereinafter collectively referred to as the "NTIH Group") would be $30,269,000, representing a 5.78% decrease of NTIH Group's loss after tax attributable to shareholders for the financial year ended 31 December 2001.

    (b) Net tangible assets per share

    Assuming that the Acquisition took place on 31 December 2001, the effect of the Acquisition on the net tangible assets per share of the Company would be as follows:
    Before the Acquisition 18.56 cents
    After the Acquisition 18.56 cents

    (c) Earnings/loss per share

    Assuming that the Acquisition took place on 1 January 2001, the effect of the Acquisition on the loss per share of the Company would be as follows:

    Before the Acquisition 14.93 cents
    After the Acquisition 14.07 cents

    Conditions Precedent

    The purchase of the Sale Shares is conditional upon approval of the shareholders of the Company, and all necessary approvals from the relevant authorities in Singapore, which approvals must be obtained by 18 November 2002 or such other date as the parties may agree.

    On Completion, the Company is to enter into a Deed of Adherence with Smurfit International agreeing to be bound by the terms of the JV Agreement.

    Rationale for the Proposed Acquisition

    The Audit Committee and the Independent Directors of the Company are of the view that the proposed Acquisition is on normal commercial terms that are not prejudicial to the interest of the shareholders of the Company. The Smurfit Toyo Group is engaged in a similar business to that of the NTIH Group and was only excluded from the NTIH Group for the reasons set out in the paragraph entitled "Background Information relating to the Acquisition". Furthermore, the JST Companies are profitable. The proposed Acquisition is accordingly expected to contribute positively to the future of the NTIH Group.

    Interest of Directors and Controlling Shareholders

    YSH is a controlling shareholder of the Company.

    The shareholders of YSH are Mr Yen Wen Hwa, Mdm Lu Le Nhi, Ms Evelyn An Thien Lee and Mr Gary Yen. Mdm Lu Le Nhi is the wife of Mr Yen Wen Hwa, and Ms Evelyn An Thien Lee and Mr Gary Yen are their children. Mdm Lu Le Nhi is also a controlling shareholder of the Company.

    Mr Yen Wen Hwa and Mr Gary Yen are directors in both YSH and the Company.

    Mr Yen Wen Hwa has a direct interest of 37.61% in the Company and an aggregate effective interest of 11.53% through his 76.92% interest in Asia Pacific Paper Converting Co Pte Ltd (which holds 0.93% of the Company) and his 55% interest in YSH.

    Mr Gary Yen has a direct interest of less than 0.01% in the Company and an effective interest of 2.95% through his 15% interest in YSH.

    In addition, Mr Tay Joo Soon, a non-executive Director of the Company, is also a non-executive director of STH.

    The estimated Total Purchase Consideration (less the Shareholder's Loan) of approximately US$3,380,853 constitutes approximately 14.9% of the latest audited net tangible assets of the NTIH Group as at 31 December 2001 and approximately 9.5% of the NTIH Group's market capitalisation as at 16 August 2002. The NTIH Group reported a net loss after tax of $32,127,000 as compared with an operating profit after tax of $1,858,118 attributable to the Sale Shares.

    As such, the Acquisition is an interested person transaction and a major transaction as defined in the Singapore Exchange Securities Trading Limited Listing Manual, and approval of the shareholders of the Company will be required pursuant thereto.

    The Company will accordingly seek the approval of the shareholders for the proposed Acquisition at an extraordinary general meeting to be convened. A circular containing details of the proposed Acquisition will be despatched to shareholders in due course.

    Save as disclosed, none of the Directors or controlling shareholders of the Company has any interest direct or indirect in the proposed Acquisition.

    Independent Financial Adviser

    The Company will in due course appoint an Independent Financial Adviser ("IFA") to advise the Independent Directors of the Company in connection with the proposed Acquisition. The advice of the IFA and the statement by the Audit Committee on their views on the terms of the proposed Acquisition will be set out in a circular convening the shareholders' meeting which will be despatched in due course.
    Submitted by Foo Soon Soo, Company Secretary on 19/08/2002 to the SGX

    (Post 39 of 276)   09/16/2002.16:27:09
    Author :
    Alphazhu    		 buy, buy, buy

    (Post 40 of 276)   09/18/2002.18:54:04
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    RESIGNATION AND APPOINTMENT OF GENERAL MANAGER OF NEW ASIA INDUSTRIES CO. LTD. IN HO CHI MINH CITY, VIETNAM

    Pls view announcement here.

    (Post 41 of 276)   09/18/2002.18:54:53
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    Announcement Of Appointment Of General Manager of New Asia Industries Co. Ltd.

    Pls view announcement here.

    (Post 42 of 276)   09/19/2002.17:15:58
    Author :
    Alphazhu    		 Buy, buy, strong buy.........

    (Post 43 of 276)   09/19/2002.17:18:45
    Author :
    Sleepybeariixi    		 Alphazhu, are you a part owner of Toyo?

    (Post 44 of 276)   09/19/2002.17:26:53
    Author :
    Alphazhu    		 I want to buy some at low price, looks like no sencond chance. The buy pressure is so strong.

    How about u?

    (Post 45 of 276)   09/19/2002.17:52:54
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    ENTRY INTO A SECOND SUPPLEMENTAL AGREEMENT TO THE PUT OPTION AGREEMENT DATED 26 APRIL 2002

    Pls view announcement here.

    (Post 46 of 276)   09/23/2002.08:43:19
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    Notice Of Extraordinary General Meeting

    Pls view announcement here.

    (Post 47 of 276)   09/26/2002.17:08:36
    Author :
    Shosai    		 This counter defying market weakness in the past 1 month. Instead it went up.

    Insider knows something that public don't know ?

    (Post 48 of 276)   09/27/2002.09:26:30
    Author :
    Sipost    		 NEW TOYO INTERNATIONAL HOLDINGS LTD

    Half Year Financial Statement

    Pls view financial here.

    (Post 49 of 276)   10/03/2002.10:01:01
    Author :
    Zhuwu

    oh, 40cents............

    (Post 50 of 276)   10/08/2002.00:35:35