Stake changes: Stamford Land, Trans-China Automotive, GS Holdings, SHS, APTT

Sin Swee Kee chicken rice outlet in Singapore. Credit: GS Holdings websiteSin Swee Kee chicken rice outlet in Singapore. Credit: GS Holdings website

Singapore substantial shareholder changes: Stamford Land, Trans-China Automotive Holdings, GS Holdings, SHS Holdings, and Asian Pay Television Trust (APTT).

Stamford Land

Ow Yew Heng, Stamford Land’s executive director and CEO, has a provisional allotment of 9 million of Stamford Land’s rights shares under the company’s rights offering announced in December, according to a filing to SGX Friday.

Ow Chio Kiat, chairman of Stamford Land, has a provisional allotment of 270.19 million rights shares and a deemed interest in 25.96 million rights shares, a filing to SGX said. 

Lim Tech Chai Danny, independent non-executive director of Stamford Land, has a deemed interest in a provisional allotment of 680,490 of Stamford Land’s rights shares under the company’s rights offering announced in December, according to a filing to SGX Friday.

Read more: Stamford Land to hold rights issue to raise around S$239M

Trans-China Automotive Holdings

Cheung Chee Wai Michael, Trans-China Automotive Holdings‘ executive director and chief financial officer, acquired 105,000 shares in the market for S$S$26,250, or S$0.25 each, on 21 January, according to a filing to SGX Friday.

The acquisition boosted his interest to 3.58 percent from 3.56 percent, the filing said.

GS Holdings

Pang Pok, GS Holdings‘ executive director and CEO, disposed of 9.34 million shares of the company in off-market transactions on 18 January, taking his total interest to 37.96 percent from 42.9 percent previously, according to a filing to SGX Friday. 

He is deemed interested in 5 million shares held by his spouse, Ang Siew Kiock, the filing said.

SHS Holdings

Teng Choon Kiat, the executive chairman of SHS Holdings, disposed of 900,000 shares in the market at S$0.155 each for a total of S$139,500 on 20 January, taking his holding to 26.81 percent from 26.85 percent previously, according to a filing to SGX Friday.

On 21 January, he disposed of 900,000 shares in the market at S$0.155 each for a total of S$139,500, taking his stake to 26.78 percent, the filing said.

Asian Pay Television Trust

Araedis Investment has acquired 142,100 units of Asian Pay Television Trust (APTT) at S$0.138 each in a market transaction on 19 January, boosting Dai Yung Huei’s deemed interest to 18.171 percent from 18.163 percent previously, according to a filing to SGX Friday.

In a separate transaction on 19 January, Araedis Investment acquired 1 million units in the market at S$0.139 each, increasing Dai’s deemed interest to 18.227 percent, the filing said.

On 20 January, Araedis Investment acquired 700,000 units at S$0.139 each, taking Dai’s deemed interest to 18.265 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. 


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