Stake changes: iFAST, Jardine Matheson, Chip Eng Seng, APTT, SHS

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Singapore substantial shareholder changes: iFAST Corp., Jardine Matheson Holdings, Chip Eng Seng, SHS Holdings, and Asian Pay Television Trust (APTT).

iFAST Corp. 

Lim Chung Chun, chairman and CEO of iFAST Corp., acquired 100,400 shares of the company in a market transaction for S$758,792 on 11 January, taking his total interest to 22.104 percent from 22.068 percent previously, according to a filing to SGX Tuesday.

Jardine Matheson Holdings

Imperium Trust Co., in its capacity as trustee of the family trust associated with Jardine Matheson Holdings Director E.P.K. Weatherall, sold 25,000 shares of the company on SGX at US$57.9018 each on 11 January, according to a filing to SGX Tuesday. 

Chip Eng Seng

Yaacob Bin Ibrahim, who became an independent director of Chip Eng Seng in February 2020, acquired 100,000 shares of the company in the market on 10 January for S$42,500, or S$0.425 a shares, according to a filing to SGX Tuesday. 

He didn’t hold any Chip Eng Seng shares at the time of the purchase.

Yaacob is a professor of engineering at the Singapore Institute of Technology (SIT), and previously served as a Minister in the Ministries of Communications and Information (2011 – 2018), Environment and Water Resources (2004 – 2011) and Community Development and Sports (2002 – 2004). He stepped down as a Member of Parliament in July 2020.

Asian Pay Television Trust

Araedis Investment has acquired 95,200 units of Asian Pay Television Trust (APTT) at S$0.136 each in a market transaction on 7 January, boosting Dai Yung Huei’s deemed interest to 17.92 percent from 17.914 percent previously, according to a filing to SGX Tuesday.

On 7 January, in a separate transaction, Araedis Investment acquired 395,100 units in the market at S$0.137 each, increasing Dai’s deemed interest to 17.942 percent, the filing said.

In a separate transaction on 10 January, Araedis Investment acquired 200,000 units at S$0.137 each, taking Dai’s deemed interest to 17.953 percent, the filing said.

In another transaction on 10 January, Araedis Investment bought 751,500 units at S$0.136 each, taking Dai’s deemed interest to 17.994 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 chairman of SHS Holdings, disposed of 150,000 shares of the company on 10 January for S$0.155 each, or a total S$23,250 in a market transaction, according to a filing to SGX Tuesday. 

On 11 January, Teng disposed of 2.05 million SHS Holdings shares in the market at S$0.155 each, or a total of S$317,750, the filing said.

After the transactions, Teng holds 186.92 million shares, or a 28 percent stake, the filing said. 

 

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