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8 March 2010

Colin Ng & Partners LLP acts for TSH Holdings in Rights Issue

Colin Ng & Partners LLP acted for and advised Catalist-listed TSH Corporation Limited, an investment holding company focusing primarily on the ordnance and homeland security services business, in its recently concluded rights issue ("Rights Issue") of up to 60,110,891 rights shares ("Rights Shares") at an issue price of S$0.067 for each Rights Share, on the basis of one Rights Share for every three existing shares in the capital of the Company.

The transaction was met with strong demand and at the close of the Rights Issue on 19 February 2010, applications for a total of 104,967,994 Rights Shares were received, representing approximately 174.6% of the total number of 60,110,891 Rights Shares that were available under the Rights Issue.

Out of the net proceeds of about S$3.8 million raised from the Rights Issue, approximately S$2.0 million has been used by the company to partially finance the purchase of the freehold industrial building which will be used mainly to house the expansion of the operations of the Group and to allow future expansion in the same premises.

Lawyers involved in the deal were CNP Partners Tan Min-Li and Gregory Chan, and Senior Associate Richard Tan.


FOR MORE INFORMATION, PLEASE CONTACT:

Eliza Tan
Corporate Communications Manager
Colin Ng & Partners LLP
DID: 6349 8610
Fax: 6323 8282
E-mail: etan@cnplaw.com

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