Singapore substantial shareholder changes: Asian Pay Television Trust, SHS Holdings and Addvalue Technologies.
Asian Pay Television Trust
Araedis Investment has acquired 512,400 units of Asian Pay Television Trust (APTT) at S$0.137 each in a market transaction on 12 January, boosting its direct interest to 18.023 percent from 17.994 percent previously, according to a filing to SGX Thursday.
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 and is a corporate director 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 AIC’s holding in APTT, the filing said.
AIDC, AGIH, AIC, Wang Hsueh-Mei and Dai Yung Huei are all deemed interested in Araedis Investment’s stake in APTT, the filng 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.
Teng Choon Kiat, the executive chairman of SHS Holdings, disposed of 2.2 million shares of the company at S$0.155 each, or a total S$341,000, in the market on 12 January, taking his interest to 27.89 percent from 28 percent previously, according to a filing to SGX Thursday.
On 13 January, Teng sold 2 million shares at S$0.155 each, or a total S$310,000, taking his interest to 27.58 percent, the filing said.
Chan Kum Lok Colin, co-founder and executive chairman of Addvalue Technologies, was issued 11.85 million new shares in the company under an employee share award, taking his interest to 1.327 percent from 0.861 percent previously, according to a filing to SGX Thursday.