Stake changes: Pegasus Asia and UBS, Mapletree Industrial, FEHT, SPH REIT, Mewah

Mapletree Industrial Trust property at 18 Tai Seng in SingaporeMapletree Industrial Trust property at 18 Tai Seng in Singapore

Singapore substantial shareholder changes announced on Thursday, 27 January 2022: Pegasus Asia and UBS, Mapletree Industrial Trust, Far East Hospitality Trust, SPH REIT and Mewah International.

Pegasus Asia and UBS

UBS AG interest in Pegasus Asia, a special purpose acquisition company (SPAC) listed in Singapore, increased to 6.92 percent from 2.95 percent previously after the acquisition of 1.49 million units in the market for S$5.02 each on 24 January, according to a filing to SGX Thursday. 

Correction: On Friday, UBS submitted a revised filing updating the percentage figures. This article has been changed to reflect the updated information.

Mapletree Industrial Trust

Chua Tiow Chye, a non-executive director of Mapletree Industrial Trust Management, the manager of Mapletree Industrial Trust, acquired 150,000 units of the REIT at S$2.617 each and 50,000 units at S$2.53 each on 26 January, taking his total interest to 0.04 percent from 0.03 percent previously, according to a filing to SGX Thursday.

Far East Hospitality Trust

FEO Hospitality Asset Management, the manager of Far East Hospitality Trust, received around 2.83 million units of Far East Hospitality Trust for a total of around S$1.66 million on 27 January as payment of management fees, taking the manager’s total interest to 5.69 percent from 5.56 percent previously, according to a filing to SGX Thursday.

SPH REIT

SPH REIT Management, the manager of SPH REIT, saw its interest in the REIT rise to 4.007 percent from 3.919 percent previously after around 2.58 million units were received on 27 January from the REIT as payment for fees, according to a filing to SGX Thursday. 

SPH REIT has a portfolio of five assets across Singapore and Australia. In Singapore, the REIT owns the Paragon mall, The Clementi Mall and The Rail Mall. In Australia, the REIT owns a 50 percent interest in Westfield Marion Shopping Centre in Adelaide, South Australia, and an 85 percent stake in Figtree Grove Shopping Centre in Wollongong, New South Wales.

Mewah International 

Ankar Pacific Assets acquired around 12.66 million shares of Mewah International in an off-market transaction at S$0.50 a share on 25 January, taking its interest in the company to 8.322 percent from 7.478 percent previously, according to a filing to SGX by Megaworld Corp. on Thursday.