Stake changes: Yangzijiang, Challenger, Raffles Education, Ausgroup, APTT, IREIT, Baker Tech

Singapore one-dollar bill, showing Chinese junk boatsSingapore one-dollar bill, showing Chinese junk boats

Singapore substantial shareholder changes announced on Thursday, 9 December 2021: Yangzijiang Shipbuilding (Holdings), Challenger Technologies, Raffles Education, Ausgroup, Asian Pay Television Trust (APTT), Baker Technology, IREIT Global and Sunrise Shares Holdings.

Yangzijiang Shipbuilding (Holdings)

T. Rowe Price Associates acquired around 1.84 million shares of Yangzijiang Shipbuilding (Holdings) for S$1.319 each in a market transaction, taking its deemed interest to 7.01 percent from 6.97 percent previously, according to a filing to SGX Thursday.

Challenger Technologies

Digileap Capital acquired 50,000 shares of Challenger Technologies in the market for S$28,050 on 8 December, boosting its direct interest to 14.94 percent from 14.93 percent previously, according to a filing to SGX Thursday.

Asia Consumer Electronics wholly owns Digileap Capital and is deemed interested in the shares, the filing said. Asia Consumer Electronics is wholly owned by Diamond GP Holdings II, which is in turn wholly owned by Dymon Asia Private Equity (S.E. Asia) II, which is wholly owned by DAPE, all of which are deemed interested in the Challenger shares, the filing said.

Tan Keng Soon, a non-executive non-independent director of Challenger, holds more than 20 percent of DAPE’s voting shares, and is therefore deemed interested in Digileap Capital’s holdings, the filing said.

Dymon Asia Capital holds more than 20 percent of the voting shares in DAPE, so it is also deemed interested in the Challenger shares, as is Yong Ming Chong (Danny), who holds more than 20 percent of the voting shares of Dymon Asia Capital, the filing said.

Tan is co-founder and managing partner of Dymon Asia Capital.

In October, Digileap Capital acquired a 14.92 percent stake in Challenger.

Raffles Education

Lim How Teck, the lead independent non-executive director of Raffles Education, saw his total interest in the company rise after his spouse acquired 500,000  shares of the company in the market for S$34,650 on Wednesday, according to a filing to SGX Tuesday.

The purchase increased Lim’s total interest to 0.29 percent from 0.254 percent previously, the filing said.

On Monday, Lim’s spouse had acquired 500,000 shares in the market.

Ausgroup

Shane Francis Kimpton, managing director and CEO of Ausgroup, received 10 million shares under the company’s performance share plan, taking his holding to 0.81 percent from 0.49 percent previously, according to a filing to SGX Thursday.

The market price of the shares on the date of the grant was S$0.024, the filing said.

Asian Pay Television Trust

Araedis Investment has acquired 800,000 units of Asian Pay Television Trust (APTT) at S$0.136 each in a market transaction on 7 December, taking its holding to 17.402 percent from 17.358 percent previously, according to a filing to SGX Thursday.

On 8 December, Araedis Investment acquired 933,800 units in the market at S$0.136 each, increasing its interest to 17.454 percent, the filing said.

In a separate transaction on 8 December, Araedis Investment acquired 400,000 units at S$0.137 each, taking its interest to 17.476 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, who is married to 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.

IREIT Global

IREIT Global Group, the manager of IREIT Global, acquired around 1.15 million units of the REIT for S$0.6395 a unit as payment of 50 percent of its management fees for the July-to-September period, taking the manager’s stake to 0.31 percent from 0.21 percent previously, according to a filing to SGX Thursday.

The remainder of the management fees will be paid in cash, the filing said.

Baker Technology

Dr. Benety Chang, an executive director of Baker Technology, acquired 113,700 shares of the company in the market for S$47,622, taking his total interest to 52.75 percent from 52.69 percent previously, according to a filing to SGX Thursday.

Chang’s total interest includes a deemed interest in a 9.44 percent stake held by his spouse, Dr. Doris Heng Chin Ngor, the filing said.

Chang is also executive director and CEO of CH Offshore, according to Baker Technology’s website.

Sunrise Shares Holdings

Wong Siu Fai, the executive chairman and CEO of Sunrise Shares Holdings, boosted his deemed interest in the company to 65.62 percent from 50.81 percent previously after he became interested in the 31 million shares held by the entity New Zealand Luck Star Investment, according to a filing to SGX Thursday.

Cheung Chi Hung sold his 100 percent interest in New Zealand Luck Star to New Zealand Sunrise Development, which is wholly owned by Wong Siu Fai, for S$1.39 million, the filing said.

After the deal, Cheung Chi Hung’s total interest in Sunrise Shares Holdings fell to zero, a separate filing said.

 

Follow Shenton Wire on Telegram to receive alerts on your phone