Stake changes: CapitaLand China Trust, Temasek, Keppel, Oxley, Novo Tellus Alpha, United Hampshire US REIT

The Ascendas Xinsu portfolio, one of CapitaLand China Trust's business park assets. Credit: CapitaLand InvestmentThe Ascendas Xinsu portfolio, one of CapitaLand China Trust's business park assets. Credit: CapitaLand Investment

Singapore substantial shareholder changes: CapitaLand China Trust, Keppel Corp., Temasek Holdings, Oxley Holdings, Novo Tellus Alpha Acquisition and United Hampshire US REIT.

Keppel Corp. and Temasek Holdings

Singapore state-owned investment company Temasek Holdings saw its total interest in Keppel Corp. rise to 21.004 percent from 20.998 percent as of 3 March as share buybacks by Keppel reduced the total number of issued shares, according to a filing to SGX Monday. 

CapitaLand China Trust

CapitaLand China Trust Management, the manager of CapitaLand China Trust, saw its direct interest in the REIT rise to 6.52 percent from 5.84 percent previously after receiving around 12.11 million units at an issue price of S$1.1805 each on 4 March as payment of management and performance fees, according to a filing to SGX Monday.

The manager is a wholly owned subsidiary of CapitaLand Investment, the filing said.

Oxley Holdings

Low See Ching (Liu Shijin), deputy CEO and executive director of Oxley Holdings, acquired 100,000 shares of the company in the market on 4 March for S$0.1760 each, and on 7 March, he acquired 50,000 shares at S$0.1750 each, with his percentage holding remaining at 28.12 percent, according to a filing to SGX Monday.

Novo Tellus Alpha Acquisition

Singapore state-owned investment company Temasek Holdings ceased to be a substantial shareholder of Novo Tellus Alpha Acquisition, with its deemed interest falling to 4.83 percent from 5 percent previously, as the total number of units of the special-purpose acquisition company (SPAC) increased, diluting the holding, according to a filing to SGX Monday.

United Hampshire US REIT

James E. Hanson II’s deemed interest in United Hampshire US REIT rose to 0.517 percent from 0.288 percent previously, after the REIT’s manager, United Hampshire US REIT Management, received 1.29 million units at US$0.66 each on 4 March as payment of management fees, according to a filing to SGX Tuesday.

Hanson is deemed interested in the units held by the manager and by Hampshire Reinvestment LLC as he holds more than 20 percent interests in each entity, the filing said. He is a non-independent non-executive director of United Hampshire US REIT’s manager.