Stake changes: Nanofilm, United Hampshire US REIT, Suntec REIT, APTT, SHS

Suntec City mall in SingaporeSuntec City mall in Singapore; photo taken pre-Covid

Singapore substantial shareholder changes: Nanofilm Technologies International, United Hampshire US REIT, Suntec REIT and BlackRock, Asian Pay Television Trust (APTT) and SHS Holdings.

Nanofilm Technologies International

The Capital Group Co.’s (CGC) deemed interest in Temasek-backed Nanofilm Technologies International fell to 5.999 percent from 6.05 percent after the disposal of 334,700 shares in the market at S$3.77 on 6 January, according to a filing to SGX Thursday.

CGC is the parent company of Capital Research and Management Co. (CRMC) and Capital Bank & Trust Co. (CB&T). CRMC is a U.S.-based investment management company serving as investment manager to the American Funds family of mutual funds, other pooled investment vehicles, and individual and institutional clients. CB&T  is a U.S.-based investment management company that is a registered investment adviser and an affiliated federally chartered bank.

The filing said CGC and its affiliates don’t hold the Nanofilm shares on their own account, with the shares owned by accounts under the discretionary management of one or more investment management companies.

United Hampshire US REIT

James E. Hanson II’s deemed interest in United Hampshire US REIT fell to 0.288 percent from 0.326 percent after the REIT’s manager disposed of 100,000 units at US$0.6705 each on 5 January and 115,000 units at US$0.67 each on 6 January, according to a filing to SGX Thursday.

Hanson is deemed interested in the units held by the manager and by Hampshire Reinvestment LLC as he holds more than 20 percent interests in each entity, the filing said. He is a non-independent non-executive director of United Hampshire US REIT’s manager.

United Hampshire US REIT Management, the REIT’s manager, saw its interest fall to 0.225 percent from 0.263 percent after the transactions, according to a separate filing to SGX Thursday.

Suntec REIT and BlackRock

BlackRock became a substantial shareholder of Suntec REIT, with its deemed interest rising to 5 percent from 4.99 percent previously after the acquisition of 184,800 units in the market on 4 January for S$285,571, according to a filing to SGX Thursday.

Asian Pay Television Trust

Araedis Investment has acquired 1,269,200 units of Asian Pay Television Trust (APTT) at S$0.136 each in a market transaction on 4 January, boosting Dai Yung Huei’s deemed interest to 17.844 percent from 17.773 percent previously, according to a filing to SGX Wednesday.

On 5 January, Araedis Investment acquired 80,000 units in the market at S$0.136 each, increasing Dai’s deemed interest to 17.848 percent, the filing said.

In a separate transaction on 5 January, Araedis Investment acquired 1.2 million units at S$0.137 each, taking Dai’s deemed interest to 17.914 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.

SHS Holdings

Teng Choon Kiat, the executive director of SHS Holdings, sold 970,500 shares of the company in the market for S$150,428 on 5 January, taking his total interest to 28.37 percent, according to a filing to SGX Thursday.

 

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