Stake changes: VTAC and UBS, Yangzijiang, Maxi-Cash, SHS

Singapore one-dollar bill, showing Chinese junk boatsSingapore one-dollar bill, showing Chinese junk boats

Singapore substantial shareholder changes: Vertex Technology Acquisition Corp. (VTAC) and UBS, Yangzijiang Shipbuilding (Holdings), Maxi-Cash Financial Services and SHS Holdings.

Vertex Technology Acquisition Corp. (VTAC)

UBS Group’s total interest in Vertex Technology Acquisition Corp. (VTAC), a newly listed special purpose acquisition company (SPAC), increased to 7.93 percent from 3.5 percent previously after the acquisition of 1.77 million units in the market for S$5.05 each on 20 January, according to a filing to SGX Monday. 

Yangzijiang Shipbuilding (Holdings)

Ren Yuanlin, the former executive chairman of Yangzijiang Shipbuilding (Holdings), disposed of 3.2 million shares of the company in the market for S$4.23 million on 24 January, taking his total interest to 21.737 percent from 21.819 percent previously, according to a filing to SGX Monday.

Maxi-Cash Financial Services

Koh Wee Seng, the non-executive chairman of Maxi-Cash Financial Services, exchanged his S$3 million of the company’s 6.35 percent notes due 2022 for S$3 million of the company’s 6.05 percent notes due 2025, according to a filing to SGX Monday.

Koh Lee Hwee, Maxi-Cash’s former CEO and a current non-executive director, exchanged S$250,000 of her older bonds for the newly issued ones, according to a separate filing to SGX.

She is also deemed to have an interest in S$2.5 million of the new notes held by AF Global Investment via Aspial Corp. and S$2.75 million held by DN Global and S$250,000 held by her spouse, the filing said.

Ko Lee Meng, a non-executive director, exchanged S$1.75 million of the company’s older bonds for the newly issued ones, a separate SGX filing said.

She is also deemed interested in S$2.5 million of the new notes held by AF Global Investment via Aspial Corp., the filing said.

Goh Bee Leong, an independent director of Maxi-Cash Financial Services, subscribed for S$250,000 in principal amount of the pawnshop operator’s 6.05 percent notes due 2025, according to a filing to SGX Monday. 

Goh has been with Haw Par Healthcare since 2003 and she is currently the general manager for manufacturing and a director.

Read more: Maxi-Cash bond offer upsized to S$60M

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 24 January, taking his holding to 26.74 percent from 26.78 percent previously, according to a filing to SGX Monday.