Stake changes: Sanli, CSE Global, Temasek, Parkway Life REIT, Challenger, United Hampshire US REIT

Challenger Technologies outlet at SuntecChallenger Technologies outlet at Suntec. Photo taken pre-Covid

Singapore substantial shareholder changes: Sanli Environmental, CSE Global, Tembusu, Parkway Life REIT, Challenger Technologies and United Hampshire US REIT.

Sanli Environmental and Tembusu

Tembusu, a wholly owned subsidiary of Temasek Holdings, became a substantial shareholder of Sanli Environmental, with an 8.03 percent stake after 65EP I, a wholly owned indirect subsidiary of Tembusu, acquired all of Heliconia Holdings, according to a filing to SGX Wednesday.

65EP I, or 65EP Investment, is an indirect wholly owned subsidiary of 65 Equity Partners (65 EPP).

Temasek’s deemed interest is unchanged at 8.03 percent, the filing said.

CSE Global and Tembusu

Tembusu, a wholly owned subsidiary of Temasek Holdings, became a substantial shareholder of CSE Global, with a 24.96 percent stake after 65EP I, a wholly owned indirect subsidiary of Tembusu, acquired all of Heliconia Holdings, according to a filing to SGX Wednesday.

65EP I, or 65EP Investment, is an indirect wholly owned subsidiary of 65 Equity Partners (65 EPP).

Temasek’s deemed interest is unchanged at 24.96 percent, the filing said.

Parkway Life REIT

Cohen & Steers’ deemed interest in Parkway Life REIT increased to 7 percent from 6.97 percent previously after wholly owned subsidiary Cohen & Steers Capital Management acquired 177,000 units for S$866,399 in a market transaction, according to a filing to SGX Wednesday.

Challenger Technologies

Digileap Capital acquired 135,500 shares of Challenger Technologies in the market for S$76,100 on 14 December, boosting its direct interest to 14.97 percent from 14.94 percent previously, according to a filing to SGX Wednesday.

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.

United Hampshire US REIT

United Hampshire US REIT has issued 1.16 million units to the REIT’s manager, with 387,511 at US$0.6774 each and 774,828 at US$0.6711 each, as payment for the acquisition fees for the Penrose Plaza and Colonial Square acquisitions, the REIT said in a filing to SGX Wednesday.

The issuance increased the manager’s stake to 0.376 percent from 0.168 percent previously, the filing said.

 

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