by Ernie B. Calucag Ong Ah Whatt became a substantial shareholder of home fashion textile manufacturer Aussino Group with a subscription of 36 million shares in the group for S$0.03474 each. Ong’s shareholdings are equivalent to 11.876 equity stake in Aussino. Likewise, Qiang Linmei acquired 10 million shares of Asia-Pacific Strategic Investment for S$0.40 per...

by Ernie B. Calucag Siblings Law Kung Ming, Law Yu Chui and Law Kung Ying, directors of hard disk drive component manufacturer Cheung Woh Technologies, transferred portion of their shares to family-owned firm, Nexsuss Holdings Pte Ltd. The transaction left Law siblings with 3.41 per cent equity stake each in Cheung Woh, making Nexsuss the...

by Ernie B. Calucag The week saw two major off-market transactions that led to significant change of ownership in both Natural Cool Holdings and Oriental Group Limited. For Natural Cool, Steven Chen sold off his 9.375 million shares to Tan Aik Kwong for S$0.16 per share in an off-market transaction. Chen decreased his equity stake...

by Ernie B. Calucag Tng Kay Lim raised his stake in Singxpress Land Limited when he bought 160 million shares from Chan Yoke Keow for S$0.018 each. Tng now owns 8.54 per cent of the property developer from 3.76 per cent before the transaction. Meanwhile, Tong Jinquan ceased to be a substantial shareholder of Perennial...

by Ernie B. Calucag Lee Cheng Peck, director of ground engineering firm PSL Holdings, sold off his stake in the company as part of a married deal. His 19 million shares (6.1416 per cent) were sold for S$0.265 each, leaving him with only 562 shares after the transaction. Meanwhile, Brian Chang Holdings became a substantial...

by Ernie B. Calucag China Satellite Broadcast Co Limited entered into a conditional sale and purchase agreement to acquire 1.8 billion shares of Next-Gen Satellite Comm Limited for S$0.017 per share. Li Jian Min, the sole shareholder and director of China Satellite Broadcast Co, is deemed to have an interest in the 1.8 billion shares...

by Ernie B. Calucag Posh Corridor Sdn Bhd sold 10.5 million shares of restaurant group Chaswood Resources Holdings as part of compliance placement. Posh Corridor decreased its stake in the restaurant operator to 62.37 per cent from 70.25 per cent. Ace Sense Holdings, registered owner of 108 million shares of chemical systems engineering and technology...

by Ernie B. Calucag Following its trading halt on Friday, Ezra Holdings announced that it has entered into a placement agreement with Credit Suisse and DBS Bank in order to raise capital. A total of 110 million shares (12.7 per cent of existing share capital) were placed to institutional and other investors, as well as...

by Ernie B. Calucag Pacific Alliance Asia Opportunity Fund LP has sold in the open market 76.774 million shares in Hu An Cable and transferred 72,461,000 shares to Goka Limited pursuant to an existing share swap transaction entered into with Goka. As a result of these transactions, Pacific Alliance Asia Opportunity Fund LP has ceased...

by Ernie B. Calucag Chan Fooi Peng has ceased to be a substantial shareholder of offshore marine logistics group Ezion Holdings. As part of the share-lending agreement, Chan’s stake decreased to 4.48 per cent from 19.9 per cent. Ezra Holdings also decreased its equity stake in Ezion when it divested 600 million shares in a...