Stake changes: UOL, Wee Investments, Venture, ALOG, BlackRock, SPH REIT, AEM, Sabana REIT, Quarz

Novena Medical Center, UOL building and Oasia Hotel in SingaporeNovena Medical Center, UOL building and Oasia Hotel in Singapore

Singapore substantial shareholder changes announced on Thursday, 2 December 2021: SPH REIT, ARA LOGOS Logistics Trust and BlackRock, Venture Corp. and BlackRock, UOL Group and Wee Investments, AEM Holdings and Temasek, Sabana Industrial REIT and Quarz Capital ASIA, Ascendas REIT, Geo Energy Resources, Rex International and Asian Pay Television Trust (APTT).

ARA LOGOS Logistics Trust and BlackRock

BlackRock became a substantial unitholder of ARA LOGOS Logistics Trust, acquiring 848,600 units in the market on 30 November for S$759,497, taking its deemed interest in the trust to 5.04 percent from 4.99 percent previously according to a filing to SGX Thursday.

Venture Corp. and BlackRock

BlackRock increased its holding in Venture Corp., acquiring 728,800 shares in the market on 30 November for S$13.52 million, taking its deemed interest to 6.11 percent from 5.86 percent previously, according to a filing to SGX Thursday.

UOL Group and Wee Investments

Wee Investments acquired 2.06 million shares of UOL Group for S$6.87753 a share in the market on 30 November, taking its direct interest to 15.014 percent from 14.77 percent, according to a filing to SGX Thursday. On 1 December, Wee Investments acquired 200,000 shares for S$6.94647 each, taking its interest to 15.038 percent, the filing said.

Wee Investments is the investment vehicle of the Wee family, which founded UOB.

Wee Cho Yaw is deemed interested in shares held by Wee Investments, and his total interest in UOL Group increased to 37.687 percent from 37.411 percent before the transactions, according to a separate filing to SGX.

Wee Ee Chao is also deemed interested in Wee Investments’ holdings, with his interest increasing to 15.077 percent from 14.809 percent, according to a separate filing to SGX.

Wee Ee Lim is deemed interested in Wee Investments’ holdings, and his interest increased to 15.071 percent from 14.803 percent, a separate filing said.

AEM Holdings and Temasek

Venezio Investments, an indirect wholly owned subsidiary of Temasek Holdings, acquired 130,000 shares of AEM Holdings in the market for S$654,979 on 29 November, taking its direct interest in AEM to 9.03 percent from 8.98 percent previously, according to a filing to SGX Thursday.

Napier Investments, which wholly owns Venezio Investments, is deemed interested in the AEM shares, the filing said.

AEM’s products include customized, application-specific semiconductor and electronics test and handling services for companies serving the advanced computing, 5G, and AI markets. The company’s manufacturing plants are located Singapore, Malaysia, Indonesia, China, Finland and Vietnam.

Sabana Industrial REIT and Quarz Capital ASIA

Quarz Capital ASIA (Singapore)’s interest in Sabana Industrial REIT increased to 12.007 percent from 11.998 percent after the acquisition of 100,000 units of the REIT in the market for S$43,500 on 1 December, according to a filing to SGX Thursday.

Quarz Capital ASIA said its interest in the units is in its capacity as an investment advisor and fund manager of various funds and accounts.

SPH REIT

SPH‘s deemed interest in SPH REIT fell to 65.61 percent from 66.448 percent previously as 23.45 million units of the REIT are set to be transferred by TPR Holdings to SPH Media Holdings for S$1 in connection with the media restructuring, according to a filing to SGX Thursday.

TPR Holdings, an indirect wholly owned subsidiary of SPH, saw its direct interest in SPH REIT fall to 16.521 percent from 17.359 percent previously, the filing said.

Times Properties, which is deemed interested in the shares, saw its total interest fall to 65.61 percent from 66.448 percent, the filing said.

Ascendas REIT

The Bank of New York Mellon Corp. reported it became a substantial unitholder of Ascendas REIT after 16.67 million units were pledged for collateral to BNY Mellon Corporate Trustee Services on 30 November, according to a filing to SGX Thursday.

Geo Energy Resources

Lu King Seng, an independent director of Geo Energy Resources, sold 300,000 shares of the company in the market on 1 December for S$82,500, taking his interest down to 0.06 percent from 0.08 percent previously, according to a filing to SGX Thursday.

Asian Pay Television Trust (APTT)

Araedis Investment acquired 900,000 units of Asian Pay Television Trust (APTT) in the market for S$0.138 each on 30 November, taking its interest to 17.293 percent from 17.243 percent previously, according to a filing to SGX Thursday.

In addition, Araedis Investment acquired 292,300 units at S$0.137 each on 30 November, taking its interest to 17.309 percent, the filing said.

On 1 December, Araedis Investment bought 888,200 units for S$0.137 each, increasing its deemed interest to 17.358 percent, the filing said.

Araedis Investment is wholly owned by Araedis International Development Co. (AIDC), which is in turn wholly owned by Araedis Global Investment Holdings (AGIH), the filing said. Araedis Investment Co. (AIC) holdings 15.82 percent of AGIH. Wang Hsueh-Mei, the wife of Dai Yung Huei, is a director of AIC and holds 95 percent of its voting rights, while Dai holds the remainder. As a result, Dai is deemed interested in AIP’s holding in APTT, the filing said.

Dai is the founder of Dafeng TV, which is listed in Taiwan, and an indirect stakeholder in APTT’s manager. Dai is a non-independent, non-executive director of the trust’s manager.

Rex International

Muhammad Sameer Yousuf Khan, an independent non-executive director of Rex International, sold all 780,000 shares he held in the company in the market for S$140,400 on 30 March, according to a filing to SGX Thursday. The delay in reporting was due to an omission by Khan, who informed the company once he realised, the filing said.

 

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