Stake changes: DBS, Temasek, Keppel, Ascendas India Trust, Metech, iFAST

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Singapore substantial shareholder changes: DBS, Temasek Holdings, Keppel Corp., Matthews International Capital Management (MICM), Ascendas India Trust, Metech International and iFAST Corp.

DBS

Piyush Gupta, CEO of DBS, received 103,673 shares of the bank on 14 February from the vesting of share awards, taking his total interest in shares to 0.083 percent from 0.079 percent previously, according to a filing to SGX Wednesday.

The number of underlying shares held via rights/options/warrants held by Gupta fell to 785,769 from 889,442 previously, the filing said.

Keppel Corp.

Temasek Holdings‘ total interest in Keppel Corp. rose to 21 percent from 20.99 percent previously due to share buybacks by Keppel, according to a filing to SGX Wednesday. The total number of Keppel shares which Temasek, Singapore’s state-owned investment company, holds directly and has a deemed interest in remained at 380.34 million, the filing said.

Ascendas India Trust and Matthews International Capital Management

Matthews International Capital Management (MICM) disposed of 983,100 units of Ascendas India Trust in the market for S$1.25 million on 15 February, taking its total interest to 5.98 percent from 6.06 percent previously, according to a filing to SGX Wednesday.

The units are held as deemed interest on behalf of MICM’s clients, the filing said.

iFAST Corp.

Lim Chung Chun, chairman and CEO of iFAST Corp., acquired 50,000 shares of the company for S$298,100 in the market on 15 February, taking his total interest to 21.054 percent from 21.037 percent previously, according to a filing to SGX Wednesday.

Metech International

Simon Eng, a substantial shareholder of Metech International who resigned as chairman and CEO in 2020, saw his interest in the company rise to 15.036 percent form 15.022 percent after the acquisition of 20,000 shares of the company for S$4,200 in a market transaction on 11 February, according to a filing to SGX Tuesday.

On 14 February, an additional 50,000 Metech shares were acquired for S$10,750, taking his interest to 15.069 percent, the filing said.