Stake changes: AEM, Challenger, Metech, Engro, SinoCloud

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Singapore substantial shareholder changes: Challenger Technologies, AEM Holdings, Metech International, Engro Corp. and SinoCloud Group.

Challenger Technologies

Digileap Capital acquired 17,200 shares of Challenger Technologies in the market for S$9,960 on 15 December, boosting its direct interest to 14.98 percent from 14.97 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.

AEM Holdings

James Toh Ban Leng, a non-executive non-independent director of Temasek-backed AEM Holdings, sold 368,700 shares of the company in the market for S$1.96 million, taking his interest down to 3.937 percent from 4.056 percent previously, according to a filing to SGX Thursday.

Toh is a founding director of Novo Tellus Capital Partners and the managing director of ACT Holdings; ACT Group is a property and private equity investor in Asia and the U.S.

AEM’s products include customized, application-specific semiconductor and electronics test and handling services for companies serving the advanced computing, 5G, and AI markets, the statement said. The company’s manufacturing plants are located Singapore, Malaysia, Indonesia, China, Finland and Vietnam.

Metech International

Lim Hean Nerng, the founder of LHN Group, acquired around 5.52 million shares of Metech International in the market for S$2.02 million on 16 December, taking his stake to 12.67 percent from 8.945 percent previously, according to a filing to SGX Thursday.

Engro Corp.

Chua Wee Keng, a substantial shareholder of Engro Corp., acquired 19,000 shares of the company in the market for S$24,940 on 14 December, taking his holding to 7.37 percent from 7.35 percent previously, according to a filing to SGX Thursday.

SinoCloud Group

Alexander Shlaen, an independent director at SinoCloud Group, sold 20 million shares of the company for S$20,000 in a market transaction on 14 December, taking his stake down to 0.272 percent from 0.398 percent previously, according to a filing to SGX Thursday.

SinoCloud Group, formerly known as Armarda Group, provides IT and internet data center services; the company holds an around 60 percent effective stake in Guiyang Zhongdian Gaoxin Digital Technologies, a data center in Guizhou province, China, with a hosting capacity of up to 5,000 racks. The remainder of the data center is held by Guiyang Gaoxin Big Data Fund.

 

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