Stake changes: Dymon Asia Capital’s stake in Challenger rises

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

Singapore substantial shareholder changes: Challenger Technologies.

Challenger Technologies

Digileap Capital acquired 75,000 shares of Challenger Technologies in the market for S$41,933 on 30 December, boosting its direct interest to 14.99 percent from 14.98 percent previously, according to a filing to SGX Sunday.

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.


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