Stake changes: Temasek-backed AEM and EPF, Stamford Land, Keppel REIT, Mapletree Industrial, Metech

Keppel REIT’s Ocean Financial CenterKeppel REIT’s Ocean Financial Center. Photo taken pre-Covid.

Singapore substantial shareholder changes: AEM Holdings and EPF, Stamford Land, Metech International, Keppel REIT, Keppel Capital and Mapletree Industrial Trust.

AEM Holdings and EPF

The Employees Provident Fund Board (EPF) ceased to be a substantial shareholder of Temasek-backed AEM Holdings after disposing of 854,200 shares in the market for S$3.87 million, taking its total interest to 4.794 percent from 5.071 percent, according to a filing to SGX Tuesday. 

The threshold for being considered a substantial shareholder is 5 percent. 

AEM’s products include customized, application-specific semiconductor and electronics test and handling services for companies serving the advanced computing, 5G, and AI markets, the statement said. The company’s manufacturing plants are located Singapore, Malaysia, Indonesia, China, Finland and Vietnam.

Employees’ Provident Fund Board is a Malaysian statutory body under the Ministry of Finance; it manages the compulsory retirement savings for Malaysia’s private sector workers.

Singapore state-owned investment company Temasek Holdings held 9.08 percent of AEM as of 25 November 2021, according to SGX data.

Stamford Land

Kiersten Ow Yiling became a substantial shareholder of Stamford Land Corp. after acquiring 1.92 million shares at S$0.36 each in the market on 4 February, taking her interest to 5.15 percent from 4.91 percent previously, according to a filing to SGX Tuesday.

Mapletree Industrial Trust

Chua Tiow Chye, a non-executive director of Mapletree Industrial Trust‘s manager, acquired 200,000 units of the trust in the market at S$2.48 to S$2.51 each on 7 February, taking his total interest to 0.05 percent from 0.04 percent previously, according to a filing to SGX Tuesday.

Chua is also the deputy group CEO of Mapletree Investments, the trust’s sponsor.

Metech International

Simon Eng, a substantial shareholder of Metech International who resigned as chairman and CEO in 2020, acquired 480,000 shares of the company for S$79,740 in the market on 7 February, taking his total interest to 13.428 percent from 13.111 percent, according to a filing to SGX Tuesday. 

In a separate transaction on 7 February, Eng acquired 821,300 shares for S$142,566, taking his interest to 13.97 percent, the filing said.

Keppel REIT

Keppel Capital Holdings‘ deemed interest in Keppel REIT rose to 7.04 percent from 6.593 percent previously after 17.78 million units of the REIT were issued to Keppel REIT Management, the REIT’s manager, as payment of fees, according to a filing to SGX Tuesday.

Keppel REIT Management is a subsidiary of Keppel Capital Holdings, the filing said.

Singapore-listed Keppel REIT holds a portfolio of 11 Grade A commercial assets located in central business districts in Singapore, Sydney, Melbourne, Perth and Seoul.