Stake changes: AREIT, Straits Trading, Mapletree Logistics, QT Vascular, Luminor, Tye Soon, Sitra

An artist's impression of the office building to be constructed at 254 Wellington Road in Melbourne, Australia. The property was acquired by Ascendas REIT. Credit: CapitaLandAn artist's impression of the office building to be constructed at 254 Wellington Road in Melbourne, Australia. The property was acquired by Ascendas REIT. Credit: CapitaLand

Singapore substantial shareholder changes announced on Tuesday, 7 December 2021: Ascendas REIT, The Straits Trading Co., Mapletree Logistics Trust, QT Vascular, Luminor Financial, Tye Soon and Sitra Holdings (International).

Ascendas REIT

The Bank of New York Mellon Corp. became a substantial shareholder of Ascendas REIT after 12.21 million units were pledged as collateral, raising the bank’s deemed interest to 5.01 percent from 4.72 percent, according to a filing to SGX Tuesday.

Straits Trading Co.

Tan Tiong Cheng, an independent non-executive director of The Straits Trading Co. since 2013, acquired 10,000 shares of the company in an off-market transaction for S$3.38 a share on Monday, taking his interest to 0.027 percent from 0.025 percent, according to a filing to SGX Tuesday.

Mapletree Logistics Trust

Singapore state-owned investment company Temasek Holdings‘ deemed interest in Mapletree Logistics Trust fell to 31.82 percent from 33.26 percent, although the number of units it is deemed interested in increased to 1.436 billion from 1.430 billion previously, after the trust’s private placement of new shares, according to a filing to SGX Tuesday.

QT Vascular

Mission Well acquired 37 million shares of QT Vascular in the market for S$259,000, taking its total interest to 12.7 percent from 11.06 percent previously, according to a filing to SGX Tuesday.

Christian Kwok-Luen Yau Heilesen, as the sole owner of Mission Well, is deemed interested in the shares, the filing said.

Luminor Financial

GRP Chongqing Land distributed 120.13 million shares of Luminor Financial to the shareholders of GRP Ltd. as a capital reduction, taking its direct interest down to 0.17 percent from 83.17 percent previously, according to a filing to SGX Tuesday.

GRP Land, which wholly owns GRP Chongqing Land, is wholly owned by GRP Ltd., and both are deemed interested in the Luminor Financial shares, the filing said.

Lim See Yong, an independent director of Luminor Financial, received 2.35 million Luminor Financial shares in the distribution, increasing his stake to 1.95 percent from 0.32 percent previously, according to a separate filing.

Kwan Chee Seng, a non-executive director of Luminor Financial and an executive director of GRP Ltd., saw his direct interest in Luminor Financial increase by 42.71 million shares, to 34.29 percent from 4.78 percent previously, according to a separate filing. However, due to his 35.5 percent interest in GRP Ltd., his deemed interest fell to 0.17 percent from 83.17 percent previously, the filing said.

Kwan’s total interest in Luminor Financial fell to 34.46 percent from 87.95 percent previously, the filing said.

Tye Soon

David Chong Tek Yew the managing director of Tye Soon Ltd., acquired 38,500 shares of the company for S$0.385 a share in a market transaction, taking his total interest to 2.868 percent from 2.824 percent previously, according to a filing to SGX Tuesday.

Sitra Holdings (International)

Guo Shaozeng, non-executive director and vice chairman of Sitra Holdings (International), acquired 35.69 million shares of the company for around S$892,156 in an off-market transaction, boosting his stake to 26.97 percent from 24.56 percent previously, according to a filing to SGX Tuesday.

 

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