Stake changes: Dasin Retail Trust and Harvest Private Wealth Thematic Fund

A 1 yuan note. Photo by Rob on UnsplashA 1 yuan note. Photo by Rob on Unsplash

Harvest Private Wealth Thematic Fund SPC‘s deemed interest in Dasin Retail Trust rose to 8.45 percent from 7.08 percent after the acquisition of 3.8 million units for S$1.06 million in an off-market transaction, according to a filing to SGX Thursday.

The Harvest Private Wealth Thematic Fund SPC is a segregated portfolio company incorporated in the Cayman Islands and operating as an investment fund seeking returns via thematic investment strategies; it is managed by H Partners Private Wealth Management (Singapore), which is ultimately controlled by Harvest Fund Management.

Harvest Private Wealth Thematic Fund SPC has more than 50 investors, mainly Asian and Southeast Asian high net worth individuals, corporates and institutions, with assets under management of around US$140 million as of end-April 2021, according to a prospectus.