Stake changes: Second Chance Properties CEO’s stake rises

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Singapore substantial shareholder changes: Second Chance Properties.

Second Chance Properties

Mohamed Salleh s/o Kadir Mohideen Saibu Maricar, the founder, CEO and chairman of Second Chance Properties, received a direct interest in 134.0 million shares of the company and a deemed interest in 1.65 million shares for S$28.67 million, according to a filing to SGX Monday.

That brought his total interest to 70.95 percent from 69.37 percent previously, the filing said.

The deemed interest is in shares held by his spouse, Sapiyah Abu Bakar, the filing said.

The shares were paid as scrip dividend at S$0.2115 each in lieu of cash for the final dividend of 0.50 Singapore cent and special dividend of 5 Singapore cents a share, the filing said.

Mohamed Hasan Marican s/o Kadir Mohideen Saibu Maricar, the company’s deputy CEO and a director, received 1.64 million shares for S$346,538 as payment of the scrip dividend, taking his holding to 0.86 percent from 0.84 percent previously, according to a filing to SGX.

Devnarayanan s/o Kallankarai Ram Pisharody, an executive director of Second Chance Properties, received 1.14 million shares for S$240,395 as payment of the scrip dividend, taking his interest to 0.48 percent from 0.44 percent previously, according to a filing to SGX.

Tan Lye Heng Paul, an independent non-executive director of Second Chance Properties, received 5,995 shares for S$1,268 as payment of the scrip dividend, taking his holding to 29,049 shares from 23,054 shares previously, or a 0.003 percent stake, according to a filing to SGX.