Stake changes: Banyan Tree, KORE, Keppel DC REIT, Creative Technology

Creative Technology's Sound Blaster product. Credit: Creative TechnologyCreative Technology's Sound Blaster product. Credit: Creative Technology

Singapore substantial shareholder changes: Banyan Tree Holdings and Qatar Investment Authority, Keppel Pacific Oak US REIT (KORE), Keppel DC REIT and Creative Technology.

Banyan Tree Holdings

Quatar Investment Authority and its wholly owned subsidiary Qatar Holding saw their deemed interest in Banyan Tree Holdings diluted to 23.93 percent from 24 percent after the issuance of new shares after the conversion of the renounceable and non-underwritten rights issue for the 7.5 percent convertible bonds, according to a filing to SGX Tuesday.

Qatar Holding is the beneficial holder of the shares, which are held through third-party nominees, the filing said.

Keppel Pacific Oak US REIT

David Eric Snyder, CEO and chief investment officer of Keppel Pacific Oak US REIT’s manager, received 145,619 employee units options under the restricted unit plan, taking his total to 2.07 million options held, according to a filing to SGX Tuesday.

Keppel DC REIT

Lee Meng Hoon, CEO of the manager of Keppel DC REIT, has received 61,823 employee unit options under the restricted unit plan, taking her total to 259,207 units, according to a filing to SGX Tuesday.

Creative Technology

George Yong-Boon Yeo, an independent non-executive director of Creative Technology, acquired 50,000 shares of the company for S$117,500 on 11 February in a market transaction, for a 0.07 percent stake, according to a filing to SGX Monday. He did not hold any Creative shares at the time of the acquisition, the filing said.

Yeo served in Singapore’s government from 1988 to 2011, as Minister of State for Finance, Minister for Information and the Arts, Health, Trade and Industry and Foreign Affairs. Prior to 1988, Yeo served in the Singapore Armed Forces, attaining the rank of Brigadier-General.

In addition, Yeo was chairman of Hong Kong-listed Kerry Logistics Network from 2012 to 2019, and senior advisor to Kuok Group from 2019-2021.