Stake changes: UOL, Wee Investments, APTT, Pan-United

Novena Medical Center, UOL building and Oasia Hotel in SingaporeNovena Medical Center, UOL building and Oasia Hotel in Singapore

Singapore substantial shareholder changes: UOL Group and Wee Investments, Asian Pay Television Trust (APTT) and Pan-United Corp. 

Wee Investments acquired 100,000 shares of UOL Group for S$7.0088 each in the market on 12 January, according to filings to SGX Friday.

Wee Investments is the investment vehicle of the Wee family, which founded UOB.

Wee Cho Yaw is deemed interested in the shares held by Wee Investments, with the transactions taking his total interest in UOL Group to 38.019 percent from 38.007 percent previously, a filing said.

Wee Ee Chao is deemed interested in the shares held by Wee Investments, with the transactions taking his total interest in UOL Group to 15.417 precent from 15.405 percent previously, a filing said.

Wee Ee Lim is deemed interested in the shares held by Wee Investments, with the transactions taking his total interest in UOL Group to 15.412 percent from 15.40 percent previously, a filing said.

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 Dai Yung Huei’s deemed interest to 18.023 percent from 17.994 percent previously, according to a filing to SGX Tuesday.

On 13 January, Araedis Investment acquired 297,000 units in the market at S$0.137 each, increasing Dai’s deemed interest to 18.039 percent, the filing said.

In a separate transaction on 13 January, Araedis Investment acquired 450,000 units at S$0.138 each, taking Dai’s deemed interest to 18.064 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 AIC’s holding in APTT, the filing said. 

Pan-United Corp. 

Soh Ee Beng, an independent director at Pan-United Corp., has exercised 150,000 employee share options for a total S$42,000, giving him a total holding in the company of 150,000 shares, or a 0.02 percent interest, according to a filing to SGX Friday. 

Soh still holds 150,000 options, the filing said.


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