Stake changes: Digital Core REIT, Thai Beverage, Raffles Infrastructure, United Hampshire US REIT, Metech

The 8217 Linton Hall Road (VA4) property in Northern Virginia, U.S. in Digital Core REIT's portfolio. Credit: Digital Core REITThe 8217 Linton Hall Road (VA4) property in Northern Virginia, U.S. in Digital Core REIT's portfolio. Credit: Digital Core REIT

Singapore substantial shareholder changes announced on Wednesday, 8 December 2021: Digital Core REIT, Thai Beverage (ThaiBev), Raffles Infrastructure, United Hampshire US REIT, Metech International, Abundance International and Grand Banks Yachts.

Digital Core REIT

APG Asset Management NV and APG Tactical Real Estate Pool have a total 8.28 percent holding in Digital Core REIT after acquiring around 93.22 million units at S$1.01 each, both in the initial public offering (IPO) and from the market, according to a filing to SGX.

The APG Tactical Real Estate Pool is fully controlled and managed by APG Asset Management NV, the filing said. APG Tactical Real Estate Pool, which invests in listed real estate assets, is a collective investment fund between Dutch pension funds.

Stichting Depositary APG Tactical Real Estate Pool as Depositary of APG Tactical Real Estate Pool was one of the cornerstone investors in Digital Core REIT’s IPO.

Thai Beverage

Maxtop Management sold around 620.42 million shares of Thai Beverage at S$0.675 a share to Golden Capital (Singapore) in an off-market transaction, taking its direct interest to 14.76 percent from 17.23 percent previously, according to filings to SGX Wednesday.

In addition, on the same day, Golden Capital (Singapore) acquired an additional 833.34 million Thai Beverage shares from Risen Mark Enterprise for S$0.675 a share, which combined with previously held shares, brought its direct interest to 5.85 percent, a filing said.

Charoen Sirivadhanabhakdi, the founder of Thai Beverage, and his spouse, Khunying Wanna Sirivadhanabhakdi, jointly wholly own MM Group, which wholly owns all of Maxtop, Golden Capital and Risen Mark, the filings said.

In addition, both Charoen and Khunying jointly hold a 51 percent interest in Siriwana Co., which has an interest in 11.37 billion Thai Beverage shares, making the pair deemed interested in all of Siriwana’s shares, the filings said. The pair has a deemed interest in 65.87 percent of Thai Beverage, the filing said.

Raffles Infrastructure

China Capital Investment (Group) disposed of 5 million shares of Raffles Infrastructure for S$1.25 million in an off-market transaction, taking its interest in the company down to 12.75 percent from 20.11 percent previously, according to a filing to SGX Wednesday.

China Capital Investment (Group), of CCIG, is a private equity investor focusing on mining, healthcare, real estate, cultural tourism, information technology, energy, finance and securities, according to its LinkedIn profile.

Yuanita Tjia, who didn’t hold any Raffles Infrastructure shares immediately prior to the deal, acquired the 5 million shares, giving her a 7.36 percent interest, according to a separate filing to SGX.

United Hampshire US REIT

James E. Hanson II’s deemed interest in United Hampshire US REIT fell to 0.231 percent from 0.267 percent after the REIT’s manager disposed of 200,000 units at US$0.665 each on 3 December, according to a filing to SGX Wednesday.

Hanson is deemed interested in the units held by the manager and by Hampshire Reinvestment LLC as he holds more than 20 percent interests in each entity, the filing said.

Metech International

Lim Hean Nerng, the founder of LHN Group, disposed of around 1.11 million shares of Metech International in the market for S$355,808, taking his interest down to 8.945 percent from 9.695 percent previously, according to a filing to SGX Wednesday.

Ng Eng Tiong disposed of 1 million shares of Metech for S$330,000 in a market transaction on 7 December, taking his interest down to 6.303 percent from 6.978 percent previously, according to a separate filing to SGX Wednesday. On Wednesday, Ng disposed of another 2.1 million shares in the market for S$682,500, lowering his interest to 4.886 percent, the filing said. Ng has ceased to be a substantial shareholder of Metech.

Abundance International

Sam Kok Yin, a managing director of Abundance International, acquired around 1.26 million shares of the company for S$36,642 in a market transaction, taking his total interest, including shareholdings by his spouse, Tan Hui Har, to 20.23 percent from 20.13 percent previously, according to a filing to SGX Wednesday.

Grand Banks Yachts

Willimbury Pty. Ltd. acquired 298,400 shares of Grand Banks Yachts in the market for S$93,996, taking its direct interest to 12.114 percent from 11.952 percent previously, according to a filing to SGX by Omnia Capital Partners, an Australia-based multi-family private office.

Willimbury was incorporated in New South Wales, Australia, in 1978.

Grand Banks Yachts builds boats in a factory in Johor Bahru, Malaysia.

 

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