Stake changes: Keppel DC REIT, QT Vascular, Beng Kuang Marine, Abundance, APTT

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Singapore substantial shareholder changes: Keppel DC REIT, QT Vascular, Beng Kuang Marine, Abundance International and Asian Pay Television Trust (APTT).

Keppel DC REIT

Keppel DC REIT Management, the manager of Keppel DC REIT, received 613,155 units of the REIT at S$2.5288 each as payment of management-related fees, taking its direct interest to 0.407 percent from 0.371 percent previously, according to a filing to SGX Friday.

QT Vascular

Mission Well — one of the requisitioning shareholders of two extraordinary general meetings (EGMs) of QT Vascular‘s shareholders which had intended to oust the existing board and seat a new slate of directors but failed to win the vote in the first EGM — sold 31.83 million shares of the company in the market for S$190,968 on 14 December, according to a filing to SGX Friday.

That took Mission Well’s direct interest in QT Vascular to 10.33 percent from 11.58 percent, the filing said.

A spokesperson for the requisitioning shareholders told Shenton Wire the stake remained near 10 percent, and more shares may be added later if the price was right.

Beng Kuang Marine

Beng Kuang Marine said Friday it has completed a private placement of 37.2 million new shares at S$0.09 each, raising up to S$3.35 million. The shares will begin trading on SGX on Monday.

Yong Jiunn Run, who was appointed CEO of the company in June, acquired 5.6 million shares for S$504,000 in the placement, for a stake of 2.81 percent, according to a filing to SGX; Yong did not hold shares at the time the placement shares were acquired.

Abundance International

Sam Kok Yin, managing director of Abundance International, acquired around 1.52 million shares in the market for S$45,546 on 15 December, taking his total interest to 20.35 percent from 20.23 percent previously, according to a filing to SGX Friday.

In addition, Sam acquired around 1.24 million shares in the market on 16 December for S$37,284, boosting his interest to 20.44 percent, the filing said.

Asian Pay Television Trust

Araedis Investment has acquired 1.3 million units of Asian Pay Television Trust (APTT) at S$0.135 each in a market transaction on 15 December, boosting Dai Yung Huei’s deemed interest to 17.548 percent from 17.476 percent previously, according to a filing to SGX Friday.

On 16 December, Araedis Investment acquired 200,000 units in the market at S$0.135 each, increasing Dai’s deemed interest to 17.559 percent, the filing said.

In a separate transaction on 16 December, Araedis Investment acquired 600,000 units at S$0.136 each, taking Dai’s deemed interest to 17.592 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.

 

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