Stake changes: Geo Energy, Jiutian Chemical, Miyoshi, Second Chance, JB Foods, QT Vascular, Frencken

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Singapore substantial shareholder changes: Geo Energy Resources, Jiutian Chemical Group, Miyoshi, Second Chance Properties, JB Foods, QT Vascular and Frencken Group.

Geo Energy Resources

Cheng Xin Investment saw its deemed interest in Geo Energy Resources fall to 10.19 percent from 10.33 percent after the disposal of 1.92 million shares in the market for S$662,780 on 27 December, according to a filing to SGX Wednesday.

On 28 December, another 10 million Geo Energy shares were sold in the market for S$3.4 million, taking Cheng Xin Investment’s deemed interest down to 9.48 percent, according to a separate filing to SGX Wednesday.

Lenny Limanto, the sole beneficial owner of Cheng Xin Investment, has the equivalent deemed interest in Geo Energy, the filings said.

International Resources Investment, which held 117 million shares, according to the 2020 annual report, is a wholly-owned subsidiary of Cheng Xin Investment. Infinity Pacific Investment, which held 28.72 million shares according to the 2020 annual report, is a wholly-owned subsidiary of Infinity Source Investment, which is wholly-owned by Cheng Xin Investment. Cheng Xin Investment is therefore deemed interested in shares held by International Resources Investment and Infinity Pacific Investment.

Jiutian Chemical Group

Lee Chee Seng, executive director of Jiutian Chemical Group, acquired 3 million shares of the company in the market for S$219,028 on 28 December, taking his interest to 1.693 percent from 1.542 percent previously, according to a filing to SGX Wednesday.

Miyoshi

Sycamore Capital SPC – Sycamore Equity Fund ceased to be a substantial shareholder of Miyoshi, disposing of 1.45 million shares in the market for S$32,173 on 29 December, taking its interest to 4.9 percent from 5.1 percent previously, according to a filing to SGX Wednesday.

Sycamore Equity Fund SP is a segregated portfolio set up under Sycamore Capital SPC with only accredited investors.

Sycamore Equity Fund SP’s investment objective is medium to long-term capital appreciation through investment in various financial instruments that assist small and medium capitalisation, publicly listed companies. The fund invests in quoted shares and options, as well as warrants, rights issue, preference shares, notes, convertible instruments and derivatives.

Second Chance Properties

Devnarayanan s/o Kallankarai Ram Pisharody, an executive director of Second Chance Properties, disposed of 450,100 shares of the company in the market on 28 December for S$109,068, taking his interest to 0.52 percent from 0.58 percent previously, according to a filing to SGX Wednesday.

On 29 December, he disposed of 649,900 shares in the market for S$151,688, taking his interest to 0.44 percent, the filing said.

JB Foods

Tey How Keong, CEO of JB Foods, acquired 400,000 shares of the company for S$208,000 in an off-market transaction on 27 December, taking his holding to 46.77 percent from 46.64 percent previously, according to a filing to SGX Wednesday.

Goh Lee Beng, an executive director at JB Foods, acquired 400,000 shares of the company for S$208,000 in an off-market transaction on 27 December, taking her interest in the company to 47.11 percent from 46.98 percent previously, according to a filing to SGX Wednesday.

QT Vascular

Mission Well ceased to be a substantial shareholder of QT Vascular, selling 96.88 million shares in the market for S$388,370 on 23 December, taking the investment vehicle’s interest in the company to 1.45 percent from 5.23 percent previously, according to a filing to SGX Wednesday.

Momi Mimon Brosh, the general manager for Singapore operations at QT Vascular, requested the cancelation of his 640,000 share awards under the company’s restricted share plan 2015 and the cancelation of 2.99 million options under the 2010 equity incentive plan and the 2013 share plan, according to a filing to SGX Wednesday.

Frencken Group

Ling Yong Wah, the lead independent non-executive director of Frencken Group, acquired 55,000 shares of the company in the market for S$101,200 on 23 December, for a stake of 0.01 percent, according to a filing to SGX Wednesday. He did not hold Frencken shares immediately prior to the acquisition, the filing indicated.

 

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