On the other hand, another fund, which is also a substantial shareholder of Venture, has divested a big chunk of the shares. Ameriprise Financial on May 23 sold 131,800 shares at $14.1 each, leaving it with a balance of 20.21 million shares, equivalent to 6.968%, down from 7.014%. The selling on May 23 is in contrast with its earlier acquisition on May 14 when it purchased 1,900 shares at $13.9 each. According to the most recent Bloomberg data, Ameriprise is the second-largest shareholder of Venture, with longtime chairman Wong Ngit Liong still the largest shareholder with a stake of around 20.7 million shares, equivalent to 7.13%. The Vanguard Group is the third-largest shareholder with a stake of 5.97%.
Leading manufacturing services player Venture Corporation (SGX:V03
) has a new substantial shareholder. On May 16, UK-based fund manager Silchester International Investors acquired 357,900 shares on the open market for just over $14 each share, bringing its total interest to about 14.74 million, equivalent to a 5.08% stake, making it the fourth largest shareholder of Venture Corp. Before the transaction, Silchester already owned a 4.96% stake.
Besides Venture, Silchester is a substantial shareholder in ComfortDelGro (SGX:C52) Corp, another Singapore blue chip. According to the land transport operator’s most recent annual report, as at March 1, Silchester had a stake of 152.75 million shares, equivalent to 7.05%, making it the largest shareholder of ComfortDelGro. Silchester last bought on Jan 29, paying $1.39 each for 1.97 million shares on the open market.
