Stake changes: Digital Core REIT, Fortress Minerals, Hoe Leong Corp.

Digital Core REIT's property at 3015 Winona Avenue, Los Angeles, California, in the U.S. Credit: Digital Core REITDigital Core REIT's property at 3015 Winona Avenue, Los Angeles, California, in the U.S. Credit: Digital Core REIT

Singapore substantial shareholder changes: Digital Core REIT, Fortress Minerals and Hoe Leong Corp.

Digital Core REIT

Digital CR Singapore, a wholly owned subsidiary of Digital Core REIT‘s sponsor, Digital Realty Trust, reported its total interest in the REIT fell to 33.4 percent from 38.1 percent previously after the Citigroup Global Markets Singapore was allowed to exercise the over-allotment option for the REIT’s initial public offering (IPO) and acquire around 53.41 million units, according to a filing to SGX Monday.

Fortress Minerals

Teh Lip Kim, a non-executive non-independent director of Fortress Minerals, acquired 200,000 shares of the company in a market transaction for S$80,000 on 9 December, taking her total holding to 33.526 percent form 33.486 percent previously, according to a filing to SGX Monday.

On 10 December, Teh acquired 300,000 shares in the market for S$123,000, boosting her holding to 33.586 percent, the filing said.

Teh Lip Kim is part of the Teh family, which owns Teh Wan Sang & Sons, and she is also a director of that company, the filing said.

According to Fortress Minerals’ website, she is the managing director and substantial shareholder of Malaysia-listed property developer Selangor Dredging Bhd., which is the holding company of SDB Mining, a controlling shareholder of Fortress Minerals.

Hoe Leong Corp.

Hoe Leong Co. disposed of 30 million shares of Hoe Leong Corp. in a market transaction for S$60,000 on 10 December, taking its interest down to 21.58 percent from 22.06 percent previously, according to a filing to SGX Monday.

Mr. Kuah Geok Khim, Quah Yoke Hwee and Kuah Geok Lin are deemed interested in the shares, the filing said.

Mdm. Kuah Geok Khim, who is senior manager of Hoe Leong Crawler Parts (HLCP), is also deemed interested in Hoe Loeng Co.’s shares; She is the sister of substantial shareholders Kuah Geok Lin and Quah Yoke Hwee and Mr. Kuah Geok Khim is a relative.

 

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