Temasek Holdings, AEM Holding’s largest shareholder, has increased its stake after an indirect subsidiary bought more shares in the market.
As indicated via an SGX filing on March 9, Temasek’s indirect subsidiary Venezio Investments, paid $5,647,480.02 for 1,416,900 shares. That works out to an average of $3.9858 each.
With that Venezio has increased the number of AEM shares held to 30,998,500, or 10.02%, from 9.56%.
Temasek has a deemed interest in additional AEM shares held via another entity SeaTown Holdings, which is run separately. Its total deemed interest is now 31,814,600 shares, or 10.29%, up from 9.83%.
Temasek become AEM’s largest shareholder in September following its investment of $103.1 million via placement of 26.8 million new shares at $3.8477 each.
AEM shares closed at $4.11 on March 9, up 1.99%, but down 21.56% year to date.
