Stake changes: OCBC, Creative Technology, Metech, Acesian Partners

OCBC branch in SingaporeOCBC branch in Singapore. Photo taken pre-Covid.

Singapore substantial shareholder changes: OCBC, Creative Technology, Metech International and Acesian Partners.

OCBC

Andrew Lee Kok Keng disclosed Friday he holds 167,910 shares of OCBC, or a 0.004 percent stake, and he is entitled to acquire 400,345 shares under the OCBC Share Option Scheme, according to a filing to SGX Friday. 

Lee, age 69, was appointed as a non-executive, independent director, effective Friday. He was the group chief marketing and distribution officer for OCBC’s Great Eastern Life Assurance from 2010 to 2017, and he is currently on the board of directors of OCBC Al-Amin Bank.

Creative Technology

George Yong-Boon Yeo, an independent non-executive director of Creative Technology, acquired 8,300 shares of the company for S$19,920 in a market transaction on 17 February, taking his total interest to 59,500 shares, or a 0.08 percent interest, up from 0.07 percent previously, according to a filing to SGX Friday. 

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.

Metech International

Simon Eng, a substantial shareholder of Metech International who resigned as chairman and CEO in 2020, acquired 280,000 shares of the company for S$57,884 in a market transaction on 17 February, taking his total interest to 15.352 percent from 15.168 percent previously, according to a filing to SGX Friday. 

Acesian Partners

Kelvin Kwok Ying Choy, who is the CEO of fund manager Haven Capital, became a substantial shareholder of Acesian Partners after acquiring 5.8 million shares for S$81,200 in a market transaction on 17 February, taking his interest to 5.6 percent from 4.43 percent previously, according to a filing to SGX Friday.