Stake changes: OCBC, Mapletree Commercial, QT Vascular, Singapore Paincare, JB Foods

OCBC branch in SingaporeOCBC branch in Singapore. Photo taken pre-Covid.

Singapore substantial shareholder change announced on Wednesday, 1 December 2021: OCBC, Mapletree Commercial Trust and BlackRock, QT Vascular, JB Foods and Singapore Paincare Holdings.


Selat Pte.’s interest in OCBC increased to 14.44 percent from 12.67 percent previously after Herald Investment acquired 79.75 million OCBC shares for S$11.68 each in an off-market transaction, according to a filing to SGX Wednesday.

Selat is the holding company of Herald Investment and is deemed interested in its OCBC holdings, the filing said.

Herald Investment on 29 November entered a deal with South Asia Shipping Co., Island Investment Co. and Lee Latex to acquire the total 79.75 million OCBC shares, the filing said.

Tih Shih Lee is on the boards of Selat and OCBC; he also has been an associate professor at the Duke-NUS Medical School in Singapore.

Mapletree Commercial Trust and BlackRock

BlackRock became a substantial shareholder of Mapletree Commercial Trust after acquiring around 1.42 million units in the market for S$2.99 million on 29 November, taking its interest to 5.01 percent from 4.97 percent previously, according to a filing to SGX Wednesday.

QT Vascular

Mission Well acquired 3.80 million shares of QT Vascular for S$26,592 in a market transaction on 26 November, taking its stake to 11.06 percent from 10.9 percent previously, according to a filing to SGX Wednesday.

Christian Kwok-Leun Yau Heilesen is the sole owner of Mission Well and is deemed interested in its holdings, the filing said.

Singapore Paincare Holdings

Sian Chay Medical Institution acquired 950,825 shares of Singapore Paincare Holdings for S$180,657 in an off-market transaction, taking its interest to 16.3 percent from 15.78 percent previously, according to a filing to SGX Wednesday.

Sian Chay Medical Institution is a social service organization which provides traditional Chinese medicine (TCM) consultations and low-cost treatments.

JB Foods

Goi Seng Hui acquired 209,300 shares of JB Foods for S$106,316 in a market transaction on 30 November, taking his total interest to 24.47 percent from 24.4 percent previously, according to a filing to SGX Wednesday.

Goi Seng Hui was appointed to the board of JB Foods in 2013 as a non-independent, non-executive director and vice chairman. He is also the executive chairman of Tee Yih Jia Group, a food and beverage group, and his is deemed interested in the shares of JB Foods held by Tee Yih Jia, the filing said.


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