Stake changes: Temasek subsidiary’s CapitaLand Investment stake rises after buybacks

Top of the CapitaLand building in Singapore’s central business district (CBD); taken September 2018.Top of the CapitaLand building in Singapore’s central business district (CBD); taken September 2018.

Bartley Investments, a wholly owned indirect subsidiary of Singapore state-owned investment company Temasek Holdings, has seen its deemed interest in CapitaLand Investment increase to 52.04 percent from 51.94 percent previously after the real estate investment manager bought back 9.73 million shares on 30 November, according to a filing to SGX Thursday.

The filing said Bartley does not have any direct interest in the CapitaLand Investment shares and the number of shares it has an interest in — 2.69 billion — has not changed.

CapitaLand Pte. Ltd. directly holds the shares, and it is wholly owned by CLA Real Estate Holdings, which is a subsidiary of TJ Holdings (III), which in turn is a subsidiary of Glenville Investments, the filing said.

Glenville Investments is a subsidiary of Mawson Peak Holdings, which is in turn a subsidiary of Bartley, the filing said.

Temasek had a 52.2115 percent interest in CapitaLand Investment as of 20 September, according to SGX data.