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Temasek increases stake in AEM Holdings again with 344,100 shares bought at $4.74 each

The Edge Singapore
The Edge Singapore • 1 min read
Temasek increases stake in AEM Holdings again with 344,100 shares bought at $4.74 each
Temasek became AEM’s largest shareholder last year following a placement
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Temasek Holdings, the largest shareholder of AEM Holdings, has increased its stake in the semiconductor testing services provider.

On April 7, Temasek, via a subsidiary Venezio, paid $1.63 million for 344,100 AEM shares, which works out to an average of $4.74 each.

This brings Temasek’s total stake to just over 37.2 million shares, or 12.03%, up from 11.91% earlier.

Separately, AEM bought back 26,900 shares on April 11, paying $4.7 each. This brings the total number of shares bought back under the current mandate to around 1.77 million.

Temasek became AEM’s largest shareholder following a placement announced last August where it paid $3.8477 each for 26.8 million new shares for a 9.5% stake.

It has since increased its stake gradually with open market buying like that on April 7.

See also: UHUY HEHE 123 DBS CEO sells more shares, pockets proceeds of $13.8 million thus far this month

Prior to this, on March 9, Temasek paid around $5.65 million for around 1.42 million shares, or around $4 each.

AEM shares closed at $4.73, down 1.25% for the day, and down 9.73% year to date.

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Re test Testing QA Spotlight

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