Yeoman Capital Management has become a substantial shareholder of Nam Lee Pressed Metal Industries, with its total interest rising over the 5 percent threshold, according to a filing to SGX Friday.
The fund manager acquired 250,000 shares of Nam Lee Pressed Metal in the market at S$0.3827 a share, on behalf of its clients, including the Yeoman 3-Rights Value Asia Fund and a client identified only as Yeoman Client 1, the filing said.
The share purchase increased Yeoman Capital Management’s total interest to 5.045 percent from 4.941 percent previously, the filing said.
Yeoman Capital Management is a value investor in Asian small-cap stocks. The company, which had funds under management of S$239 million as of end-June 2021, manages two funds, the Yeoman 3-Rights Value Asia Fund and the Yeoman 3-Rights Japan Fund.
Nam Lee Pressed Metal Industries designs, manufacturers and supplies metal products for industries including building, shipping containers and infrastructure.
The company designs, fabricates and installs architectural finishing for public housing projects, condominiums, commercial buildings and industrial complexes and facilities. It also fabricates aluminum frames for container refrigeration units and is the only global third-party supplier to a multi-national corporation leading the industry in container refrigeration.