Stake changes: Wee Investments adds to UOL stake; Mewah, AREIT, United Hampshire, Aoxin Q&M

UOL building and Orchard Gateway at Orchard RoadUOL building and Orchard Gateway at Orchard Road. Image taken pre-Covid.

Singapore substantial shareholder changes announced on Monday, 6 December 2021: UOL Group and Wee Investments, Mewah International, Ascendas REIT, United Hampshire US REIT and Aoxin Q & M Dental Group.

UOL Group and Wee Investments

Wee Investments acquired 357,200 shares of UOL Group for S$6.99427 a share on 2 December and 130,400 shares at S$6.99917 each on 3 December in market transactions, according to a filings to SGX Monday.

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

Wee Cho Yaw is deemed interested in the shares held by Wee Investments, with the transactions taking his total interest in UOL Group to 37.736 percent from 37.678 percent previously, a filing said.

Wee Ee Lim is deemed interested in the shares held by Wee Investments, with the transactions taking his total interest in UOL Group to 15.129 percent from 15.071 percent previously, a filing said.

Wee Ee Chao is deemed interested in the shares held by Wee Investments, with the transactions taking his total interest in UOL Group to 15.134 percent from 15.077 percent previously, a filing said.

Mewah International

Ankar Pacific Assets acquired 1.67 million shares of edible oil maker Mewah International in the market for S$0.40 a unit, increasing its stake to 7.1 percent from 6.99 percent previously, according to a filing to SGX by Megaworld Corp. on Monday.

Ascendas REIT

The Bank of New York Mellon Corp. ceased to be a substantial unitholder of Ascendas REIT, with its deemed interest falling to 4.72 percent from 5.04 percent previously, after 13.38 million units ceased to be pledged as collateral, according to a filing to SGX Monday.

United Hampshire US REIT

United Hampshire US REIT Management, the manager of United Hampshire US REIT, disposed of 200,000 units of the REIT in an off-market transaction for US$0.665 a unit, taking its interest down to 0.168 percent from 0.204 percent previously, the filing said.

Aoxin Q & M Dental Group

Ong Siew Hwa sold 4.63 million shares of Aoxin Q & M Dental Group for S$1.07 million in an off-market transaction, taking her stake in the company to 17.3 percent from 18.21 percent previously, according to a filing to SGX Monday.

 

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